PUBLIC DEBT RECORD
America’s Refinancing Plan LOW INTEREST RATE (Received 2, 9.15 a.m.) WASHINGTON, May 31. The Treasury to-day announced a huge financing programme partly to meet eash needs, particularly the payment of the veterans’ bonds, and partly to refinance maturing obligations. A total of 2,050,000,000 dollars of securities will be offered to the publie at unprecedentedly 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 cash required, 600,006,000 15 to 18 years bonds at 2| per cent, will be offered and 400,000,000 five-year Treasury notes bearing 1} per cent, for the 1,050,000,000 securities maturing on June 15 and August 1 new issues at approximately the same rates of interest will be offered.
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Bibliographic details
Hawke's Bay Tribune, Volume XXVI, Issue 143, 2 June 1936, Page 7
Word Count
130PUBLIC DEBT RECORD Hawke's Bay Tribune, Volume XXVI, Issue 143, 2 June 1936, Page 7
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