AUSTRALIAN LOAN
DISAPPOINTING RESULT
(By Telegraph—Press Assn.—Copyright.) (Received November 19, 9.15 a.m.) LONDON, November 18. It is understood that the cash and conversions of the new Australian loan for £11,409,965 failed to realise the expectations of the underwriters.
This new conversion loan was made up as follows:—New South Wales, £6 427,465; South Australia, £2,982,500; Tasmania, £2,000,000. The terms were at the rate of 3i per cent, per annum, and the issue price £97, with a currency of 13 to 16 years, maturing in 1954, with the1 option to redeem in 1951, or thereafter, on giving three months' notice. The yield to investors was calculated at the latest date of maturing at £3 15s Id.
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Bibliographic details
Evening Post, Volume CXXIV, Issue 122, 19 November 1937, Page 12
Word Count
114AUSTRALIAN LOAN Evening Post, Volume CXXIV, Issue 122, 19 November 1937, Page 12
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