Bond Discloses Debt: Bond Corp. Holdings Ltd.’s...
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Bond Discloses Debt: Bond Corp. Holdings Ltd.’s debt totals $6.9 billion (Australian), with rising Australian interest rates and the Bell Group Ltd. acquisition cited as the chief causes, Alan Bond disclosed. The disclosure followed news late last week that Bond Corp. had incurred the largest annual loss in Australian corporate history. Alan Bond, chairman and controlling shareholder of the cash-strapped Australian media, brewing, natural resources and property concern, predicted that the debt would be lightened by $3.8 billion (Australian) this year, ending June 30, 1990.
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