BRITISH CONVERSION LOAN.
-OPENING OF TENDERS. (British Official AVireless.) RUGBY, May 5. Tenders for £50,000,000 of 2i per cent, conversion loan, 1944-49, and Treasury bills were opened by the Bank of England to-day. The sum of £87,230,000 was applied for, and £3,400,000 conversion loan and £46,600,000 in bills were allotted. Applicants for the loan at £94 3s and above received in full. For bids dated 92 days, Monday to Friday, tenders at £99 17s received, about 24 per cent. Tenders above that -received in full. Those dated 91 days, Saturday, at £99 17s 9d and above received in full.'
CONVERSION FOR AUSTRALIA. REVIEW OF PROSPECTS. . LONDON, May 6. Commenting on tho prospect of an Australian loan conversion, the Financial News says that the task of the negotiators is to find such an amount as could be placed on the market at 4 per cent, at a reasonable discount without the risk of prolonged market indigestion. It is doubtful whether any effort to deal with, say, all callable indebtedness carrying a nohiinal rate of over 5J per cent, could satisfy these conditions, so it is evident that any scheme must be in the nature of a compromise. That need not prevent Australia dealing with quite a substantial sum.
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Manawatu Standard, Volume LIII, Issue 135, 8 May 1933, Page 7
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207BRITISH CONVERSION LOAN. Manawatu Standard, Volume LIII, Issue 135, 8 May 1933, Page 7
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