NEW LOAN FOR N.S.W.
TO BE FLOATED IN UNITED STATES. (Received Jan. 26. 11 p.m.) NEW YORK, Jan. 25. Mr. Lang's announcement of tin: flotation cf - a twenty-five million dollar loan here was received with considerable interest in financial circles, where, earlier, it was stated the negotiations had ended in favor pi London. It reflects the low rates and broad investment demand in tirt American money markets, where nmv hand offerings have been consistentJy over subscribed. Further Australian loans are expected and. win keen competition among the bankers with abundant capital, a reduction both of the interest rate and tr.v underwriting costs to minima is expected.—A. and N.Z.C.A.
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Bibliographic details
Gisborne Times, Volume LXV, Issue 10316, 27 January 1927, Page 5
Word Count
108NEW LOAN FOR N.S.W. Gisborne Times, Volume LXV, Issue 10316, 27 January 1927, Page 5
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