LOAN FOR VICTORIA.
<&. ISSUE OF £6,000,000. NET. YIELD OF £4 18S PER CENT. Australian and N.Z. Cable Association. (Reed. 5.30 p.m.) LONDON, Dec. IS. . Arrangements have been made for the Underwriting of a loan of £6,C00,000 for the Government of Victoria. The stock «&in bear interest at the rate of 4} per cent., and will be issued at 97i. The loan is redeemable in 1940-60. The terms of the loan are identical with those of the Commonwealth loan of £6,000,000 issued at the end of last month, for which subscriptions totalled £.u.o/0,000. Presuming redemption in 1960, the yield to the investor is £4 lbs per cent.
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Bibliographic details
New Zealand Herald, Volume LXI, Issue 18897, 20 December 1924, Page 11
Word Count
106LOAN FOR VICTORIA. New Zealand Herald, Volume LXI, Issue 18897, 20 December 1924, Page 11
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