LOAN FOR CANADA
FLOTATION IN AMERICA
£20,000,000 ISSUE
(Received 8.38 a.m.) NEW YORK, October 3
The “Herald-Tribune’s” financial editor states that arrangements have been virtually completed for a £20,000,000 loan for Canada in the local market, which is the largest offering for the year. A banking group, headed by the Chase Securities Corporation, will underwrite the issue at 4 per cent, for 30 years, which will be offered at a figure which will yield the investor 4.4 to 4.6 per cent.
The proceeds of the loan arc for a 1930-1031 refunding operation. The Canadian Government believes that the issue will be sold only in Aew Yorii and Canada.
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Bibliographic details
Northern Advocate, 4 October 1930, Page 9
Word Count
108LOAN FOR CANADA Northern Advocate, 4 October 1930, Page 9
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