AMERICAN RECOVERY
(Press Assn.-
a huge loan NOTE AND BOND OFFERING IS RUSHED BY INVESTORS PLENTY OF MONEY
— By Telegraph — Copyrlglit). ;
Rec. August 1, 10 p.m. Washington, August 1. Treasury officials are pleased at the immediate- over-subscription of the 850,000,000 dollar offering of Government bonds and notes. This is the first long term financing for 'several years and it is the first financing of any sort since. the abrogation of the gold clause in Government securities. ' The bond issue, totalling 500,000,000 dollars, will mature in eight years and pay 3J per cent. Notes total 350,000,000 dollars maturing in two years and paying 1 5-8 per cent. The official view regards the rush of investors as an indication that ample finance is available to carry out the administration's recovery programme.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 599, 2 August 1933, Page 5
Word Count
129AMERICAN RECOVERY Rotorua Morning Post, Volume 2, Issue 599, 2 August 1933, Page 5
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