NEW INDIAN LOAN
£10,000,000 OVER-SUBSCRIBED, BY A LARGE MARGIN. / THE BASIS OF ALLOTMENT. (Official Wireless.) (Received pril 29, 10.30 a.m.) RUGBY, April 28. An outstanding feature in the stock market to-day was the start of dealings in the new India 5 per cent. £10,000,000 loan, which opened at a premium. The loan was over-subscribed by a large margin, and was open for only one hour yesterday. It is understood that the basis of allotment among the larger subscribers was about 44 per cent,, slightly better treatment being given to small applicants. Those who applied for £SOO receiving £3OO, and those applying for £IOOO receiving £SOO. There was to-day a strong demand for the issue, which closed at 7-Bths premium.
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Bibliographic details
Waikato Times, Volume 111, Issue 18623, 29 April 1932, Page 8
Word Count
119NEW INDIAN LOAN Waikato Times, Volume 111, Issue 18623, 29 April 1932, Page 8
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