$1B tender planned
By
PATTRICK SMELLIE
in Wellington The Government is to launch a new benchmark long-dated stock with a tender programme of around $1 billion envisaged for the 1989/90 financial year, the Minister of Finance, Mr Caygill announced last evening. The new stock will carry a 10 per cent coupon and maturity of February 15, 1995. The first tender for S3OOM of stock will be held on August 10. Details of subsequent tenders will be announced later. “It is important to note that this new issue will not raise any new money from the market,” said Mr Caygill. “All the proceeds will be used to repurchase existing stock.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19890728.2.12.40
Bibliographic details
Press, 28 July 1989, Page 5
Word Count
109$1B tender planned Press, 28 July 1989, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in