| Deal Description | American President Lines, Ltd., issued bonds to finance a part of the company's share of the construction costs of three new cargo vessels. The bonds were issued as the following: SS President Monroe Series, SS President Polk Series, and SS President Harrison Series. The bonds became due on August 1 of the following years: 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, and 1990. Bonds of the 1963-1973 maturity were not redeemable prior to maturity. The bonds of 1990 maturity were redeemable on or after August 1, 1970. |
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