U.S. CONVERSION LOAN
1875 Million Dollars of 4th Liberty Loan
NEW RATE OF INTEREST
By Telegraph—Press Assn. —Copyright
(Received October 12, 7 p.m.) Washington, October 11.
The United States Treasury Department announced an important financing project to-day involving the redemption of 1875 million dollars of some six billion of outstanding Fourth Liberty Loan bonds. Five hundred million of bonds selected by lot wiU be redeemed in cash and the remainder will be substituted by a‘'new issue of Treasury bonds of ten to twelve years’ maturity, paying 4J per cent, interest the first year and 3} per cent thereafter. If the flotation of the bonds is successful, the Government will save about 18,700,000 dollars in annual interest charges.
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Bibliographic details
Dominion, Volume 27, Issue 16, 13 October 1933, Page 9
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117U.S. CONVERSION LOAN Dominion, Volume 27, Issue 16, 13 October 1933, Page 9
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