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Maximum borrowing rates for local and semi- government authorities- week commencing Monday 29 September 1980



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THE TREASURY

EMBARGO IMMEDIATE RELEASE

MAXIMUM BORROWING RATES FOR LOCAL AND SEMI-GOVERNMENT AUTHORITIES - WEEK COMMENCING MONDAY, 29 SEPTEMBER 1980 '

I n a c c o rd a n c e w ith d e c is io n s o f th e Loan C o u n c il th e maximum

i n t e r e s t r a t e s f o r b o rro w in g s by l o c a l and sem i-g o v ern m en t

a u t h o r i t i e s ,· · to a p p ly from th e commencement o f b u s in e s s on

Monday, 29 S eptem ber 1980 u n t i l f u r t h e r n o t i c e , a r e : -

C u rren cy o f Loan ( y e a r s ) P u b lic Loans ( p e r c e n t)

P r i v a t e T r e a ty Loans

( p e r c e n t)

4 -6 1 2 . 0 1 2 . 3

7 -9 12. 1 1 2 .4

10 and o v e r 12. 3 12.6

These r a t e s a re unchanged from th o s e a p p l ic a b l e l a s t week.

The T re a s u ry CANBERRA ACT 26 Sep 1980