CONVERSION LOAN
AUSTRALIAN ISSUE TO-DAY. LONDON, June 7. The Australian conversion loan is being underwritten on June 8. The New South Wales portion will be £12,360,959, 3} per cent., at £96 IDs, maturing in 1950-52, which will replace 3i per cent, stock issued at £97 10s, maturing in rive years. It will enable an annual saving in interest of £36,344, equivalent to £46,000 in Australian currency. The total savings in Australian currency by the conversion will be £4,025,000. The loan is being issued on June 9. The new stock offers a flat yield of £3 12s 7d per cent. The total yield, allowing for redemption at the latest date, will be £3 16s 2d.
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Wanganui Chronicle, Volume 80, Issue 135, 9 June 1937, Page 7
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114CONVERSION LOAN Wanganui Chronicle, Volume 80, Issue 135, 9 June 1937, Page 7
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