RUSH OF INVESTORS
Indian Loan Oversubscribed Calcutta, Jan. 23. The new Government of India 4 per cent, loan of £ll million, which opened this morning, was oversubscribed in ninety minutes. The loan issue induced a frantic rush of investors, resulting in the banks’ inability to accept cash. The whole loan was taken up in Treasury bills. It is regarded as a triumph for India s credit and stability, which will pave the way for the operation of a big conversion issue, likely to amount to £36 million.; An announcement is exTcnied to-night.
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Dominion, Volume 26, Issue 103, 25 January 1933, Page 9
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92RUSH OF INVESTORS Dominion, Volume 26, Issue 103, 25 January 1933, Page 9
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