The New York Stock Exchange announced today that trading in the 4 ½% bonds of the Republic of Cuba due 6/30/1977 will be suspended immediately. The issue has been halted and unavailable for trading on the NYSE since July 6, 1995 . Following suspension, application will be made to the Securities and Exchange Commission to delist the issue.
The Exchange’s action is being taken, among other things, because of the defaulted status of the debt securities, the length of time that trading has been halted and the applicability of the Cuban Assets Control Regulations, 31 C.F.R. Part 515 to trading in the debt securities on the Exchange.
The NYSE noted that it may, at any time, suspend dealings in a security if it believes that continued dealings in the security on the Exchange are not advisable.
