CONVERSION OF 31 PER CENT
NIGERIAN GOVERNMENT MOVES.
STOCK. TO BE ISSUED AT £B7 10s.
(British Wireless.) Rugby, Sept. 13. Special interest attaches to the announcement of the terms of the issue of £4,188,000 3 per cent, inscribed stock of the Government of Nigeria, for which underwriting arrangements were made to-day. The issue is being made to replace £4,045,573 of Southern Nigeria 3M> per cent, stock, 1930-35, which is the first 3% per cent, loan to be the subject of conversion into stock bearing a smaller rate of interest.
The new loan is to be issued at £B7 10s and redeemable in 1955. Lists for cash applications open and close on September 17, but conversion lists will be opened immediately and closed on September 28.
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Bibliographic details
Taranaki Daily News, 17 September 1934, Page 5
Word Count
125CONVERSION OF 31 PER CENT Taranaki Daily News, 17 September 1934, Page 5
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