QUEENSLAND LOAN
SUCCESSFUL CONVERSION LONDON, April 25. The Queensland conversion loan of £3,781,700 has been underwritten. The new stock will carry 5£ per cent, interest and will be issued at 97. The maturing debt carries only 3£ per cent, interest and falls due for redemption on July 1. The new loan is redeemable at the wish of the Government, subject to the usual notice, any time between 1934 and 1936; on interest alone the yield is £5 13s 6d per cent; allowing for redemption in 1934, the yield is £ 6 7s 3d per cent, but over the longer period to 1936 the yield would be £6 2s Id per cent.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19300426.2.159.4
Bibliographic details
Sun (Auckland), Volume IV, Issue 956, 26 April 1930, Page 13
Word Count
110QUEENSLAND LOAN Sun (Auckland), Volume IV, Issue 956, 26 April 1930, Page 13
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