106 - Correspondence on the Argentine Conversion Loan

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In Folder: 1 - House Correspondence - Argentina

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106 - Correspondence on the Argentine Conversion Loan

HC4/1/106

Catalogue

Reference Number: HC4/1/106

Description: 1888: Argentine Conversion LoanNote: In the summer of 1888 the negotiations for the conversion were assumed by the Disconto Gesellschaft of Berlin, acting for a syndicate of German and French banks. Agreement was reached in August on the following terms: the loans for conversion were to be those of 1870, 1871, 1873 and 1882. To effect the conversion £5,900,000 of new bonds were to be issued bearing interest of 4.5% and 1% sinking fund. The price was to be £85.5. The issue was to be made in London by Barings and by Murrieta & Co and on the continent by Disconto Gesellschaft and others. Barings’ share in the operation was 16%.

Date: 1888

TBAL Reference: HC4.1.106

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