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Canada launches largest peacetime debt conversion offer
Honourable Donald M Fleming announces the Canada Conversion Loan of 1958 to replace unmatured 3 percent Victory Bonds with 4 12 percent 25 year bonds or shorter term options. The move reorganizes over 40 percent of the national debt, offers immediate cash adjustments, and urges investors to consult advisers. Official campaign begins August 5 for a limited period.
MENTIONED IN THIS ARTICLE
Government of
Canada
Trust Or Loan Company