Bond debt $6.9M
NZPA-AAP Melbourne Bond Corporation’s debt still stood at a staggering $5.3 billion (5NZ6.978), despite raising sAustsß ($NZ6.578) in asset sales in the last year, the chairman, Mr Alan Bond, said. He told a meeting of businessmen in Melbourne that the figure did not include sAustl.6B (SNZ2.IB) in convertible bonds, but claimed borrowings would be reduced by sAust3.Bß (SNZSB) by next June. He said that after the sAustsß in asset sales Bond Corp would emerge by the end of this financial year with a stable balance sheet, good quality assets in brewing, property, media, and telecommunications, and a forward-thinking management. Mr Bond said the loss would affect Bond Corp’s approach to business in the future.
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Press, 26 October 1989, Page 29
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117Bond debt $6.9M Press, 26 October 1989, Page 29
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