INDIA’S CREDIT GOOD
LOAN OVER-SUBSCRIBED IN 90 MINUTES £6,000,000 RAISED United P.A. — By Telegraph — Copyright Reed. 11 a.m. LONDON, Monday. The Indian loan of £6,000,000 wa< oversubscribed after the lists ha i been open for only 90 minutes. India’s loan Is issued at 99. It is repayable at par in Jane, 1932. but m.»\ be extended i year, in which case ir will be repaid at 101. Allowing for redemption in 1932 tho loan will yield £6 9s per cent.: if the stock is redeemed in 1933 the yield will be tin 12s 3d per cent. The object # of the loan is to repay maturing bills due <;>n February 27. The terms are considered very generous to subscribers and may be taken as an indication that future borrowers in London will ha\ e to pay a h igli p rice
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Bibliographic details
Sun (Auckland), Volume III, Issue 894, 11 February 1930, Page 11
Word Count
140INDIA’S CREDIT GOOD Sun (Auckland), Volume III, Issue 894, 11 February 1930, Page 11
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