CONVERSION LOAN.
Prospectus for N.Z. Scheme Issued. INTEREST REDUCTION. United Press Absn.—By Electrlo Telegraph—Copyright. (Received October 4, 12.50 p.m.) LONDON, October 3. The New Zealand loan prospectus has been issued. The list opens and closes on Thursday. The final instalment of 45 per cent is payable on January 10, 1034. The maturing 5 per cent loan will be repaid on January 16, 1934. The “ London Daily Telegraph’s ” city editor says that the New Zealand loan terms are a just appreciation of the Dominion’s credit standing. New Zealand enjoyed a high reputation as a borrower, and the firm attitude of her Government towards certain corporations who sought to escape their obligations in London would inspire fresh cnfidence. An earlier message stated that a New Zealand conversion loan of £5.000,000 at 34 per cent, to be issued at 97 and redeemable in 1949-54, had been underwritten to replace the £5,000,000 issue at 5 per cent, 1932-4.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19331004.2.31
Bibliographic details
Star (Christchurch), Volume LXIV, Issue 884, 4 October 1933, Page 1
Word Count
154CONVERSION LOAN. Star (Christchurch), Volume LXIV, Issue 884, 4 October 1933, Page 1
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in