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The Daily Morning Journal And Courier
New Haven, New Haven County, Connecticut
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German bankers in Berlin offer $200M for new US loan at 3.25% interest, but US Treasury plans 3-3.5%; Deutsche Bank eager bidder. London financiers expect similar terms to previous loan. (Dec. 31)
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Bankers Offer to Take $200,000,000 Worth at 3 1/4 Per Cent.
Berlin, Dec. 31.--The United States embassy here has received a number of offers from German banking firms of the first class to take $200,000,000 of the proposed new American loan at 3 1/4 per cent. interest.
It is reported here that the United States treasury will give only 3 per cent., or, at the most, 3½. The Deutsche bank is an anxious bidder for the loan. Some firms profess to believe that there will be an exclusive tender for the loan within the confines of the United States.
London, Dec. 31.--The United Press has obtained from British bankers and financiers additional information about the plans in London regarding the proposed new American loan, which shows that the price of the loan made to the syndicate will be the same as that of the last loan, or, at least, only slightly less favorable to the United States government.
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Foreign News Details
Primary Location
Berlin
Event Date
Dec. 31
Outcome
german banking firms offer to take $200,000,000 of the proposed new american loan at 3 1/4 per cent. interest; united states treasury will give only 3 per cent., or at most 3½; some firms believe exclusive tender within the united states; london plans show price same as last loan or slightly less favorable to us government.
Event Details
The United States embassy in Berlin has received offers from German banking firms to take $200,000,000 of the proposed new American loan at 3 1/4 per cent. interest. The Deutsche bank is an anxious bidder. In London, British bankers indicate the loan price to the syndicate will be the same as the last loan or slightly less favorable to the US government.