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Canada Conversion Loan of 1958 Promises Large Debt Restructuring
The Canada Conversion Loan of 1958 is described as the largest peacetime financial operation in the country, reorganizing over 40 percent of the national debt. It offers unmatured 3 percent Victory Bond holders a chance to convert into a new non-callable issue, with aims to boost investor income and reduce government financing in 1959 through 1966. The outstanding unmatured Victory Bonds total about 6.416 billion dollars.
MENTIONED IN THIS ARTICLE
Government of
Canada