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Canada Conversion Loan 1958 Offer To Replace Victory Bonds
The Government announces an offer to replace unmatured 3 Victory Bonds with new 4 12 percent 25 year bonds or other shorter term bonds. The operation aims to reorganize over 40 percent of the national debt, give higher income to investors, and reduce future government financing needs through 1966. Bondholders may convert at no payment into the longer term bonds with higher interest. Applications and cash adjustments may be filed now.
MENTIONED IN THIS ARTICLE
Government of
Canada