LOAN OF FIVE MILLIONS.
New Zealand on the Market.
FACING MATURING ISSUES. (United Press Association —By Electric "’.l ’ Telegraph—Copyright.) LONDON. April 30 The .JNfsw Zealand loan has been underwritten :—£5,000,000 4J per < entat £94 10s. redeemable in'l947. The final instalment of 25 per aant ’s payable on. July- 20.^ • Holders of 5 per'cents, maturing on November 1. 1929, are invited to convert to the extent of .£5,000.000, receivliig £'ib4 10s of the. new stock for each £IOO of the old.
■ NEW. ZEALAND’S CAUTIOUS policy... PRESS COMMENT. *);- " (TJnited Press Associatioa;-r-By Electric,' - J, : Telegraph—Copyright.).,. . , . / * (Received May 1, 8.-0 p.m.) i \\ LONDON/ May -1.-'*, (Che “(Financial News” says- at may cause stirj)rise - that- New Zealapd . has 'deqdedJ(iq-!.combine_,new-bQrrpwih^: :n 'il'li: tlie. redemption *of pautlof 'a djtt>j ,in |ighteej) months. There is every money rates In/London- 1 will ease-nfarltedly next - : year,.hnt Ne« ; ZeSiand./elearly argues-.-that -wjiile sho. will- ke'ep/the • bulk of; the redemption tillf-a'-Qater date, it will be vise to dispose of a portion under the present fairly' favourable- 'conditions. This action, may- seenf unduly-- can.tiQ.us,-. but, it js-.ddno- with deliberation.: .It will : be iiinterestmg to see if .an era,,of 41; securities- drasu-beetr regained. If the loan is a real §uc-f ; cqss, there will be few more 5 per cent, issues.
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https://paperspast.natlib.govt.nz/newspapers/THD19280502.2.56
Bibliographic details
Timaru Herald, Volume CXXV, Issue 17945, 2 May 1928, Page 13
Word Count
205LOAN OF FIVE MILLIONS. Timaru Herald, Volume CXXV, Issue 17945, 2 May 1928, Page 13
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