BIG AMERICAN LOAN
RECORD LOW INTEREST NEW HIGH LEVEL FOR PUBLIC DEBT WASHINGTON, May 31. The Treasury today announced a huge financing programme, partly to meet cash needs, particularly payment .of the veterans' bonus, and partly to refinance maturing obligations of 2,050,000,000 dollars. The securities will be offered to the public at unprecedented low rates of interest. With the subscription of the offering the public debt will reach a new high level of 32,750,000,000 dollars.
For the 1,000.000,000 dollars in cash required 600,000,000 15 to 18 years' bonds at 23 per cent, will be offered, and 400,000,000 five-year Treasury notes bearing 1 3-8 per cent, interest. For the 1,050,000,000 dollars worth of securities maturing on June 15 and August 1, new issues at approximately the same rates of interest will be offered.
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https://paperspast.natlib.govt.nz/newspapers/EP19360602.2.78
Bibliographic details
Evening Post, Volume CXXI, Issue 129, 2 June 1936, Page 9
Word Count
132BIG AMERICAN LOAN Evening Post, Volume CXXI, Issue 129, 2 June 1936, Page 9
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