News Archive - January 2009

8 Jan 2009	Geneva posts $7.7m loss Geneva Finance, the finance company that won support from investors for a debt-for-equity swap to stave off collapse, posted a first-half loss because of increased provisions for bad debts.
13 Jan 2009	AIA bonds offer 7.25% Auckland International Airport has opened a retail bond looking to raise $50 million. The interest rate initially being offered for the full term of the bonds is 7.25%.
13 Jan 2009	NZ credit rating outlook lowered by S&P The outlook on New Zealand’s AA+ foreign-currency credit rating was lowered to ‘negative’ by Standard & Poor’s (S&P) to reflect the nation’s looming current account gap and rising fiscal deficits.
13 Jan 2009	Last Bastion for Equitable Equitable has closed down its second-tier finance business, Bastion Finance, due to the changing market conditions.
23 Jan 2009	ASB PIEs all its TD rates ASB Bank is the latest to add cash PIES to its product offering and it has taken a different approach to other institutions.

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Find a Rate

Cash PIE Rates

Institution	Rate	33%	39%
ANZ	3.00	3.09	3.22
ASB Bank	3.15	3.29	3.44
BNZ	3.66	3.82	3.92
Direct Broking Call Account	2.80	2.92	3.05
First Mortgage Trust	5.01	5.23	5.66
Forsyth Barr	3.50	3.66	3.95
Forsyth Barr	3.25	3.40	3.67
Forsyth Barr	2.75	2.87	3.10
Forsyth Barr	2.50	2.61	2.82
HSBC Premier	2.20	2.26	2.36
Kiwibank	2.40	2.50	2.61
Kiwibank	3.15	3.29	3.44
Marac	4.50	4.73	4.95
National Bank	3.00	3.13	3.27
Nelson Building Society	3.75	3.90	4.08
RaboDirect	3.40	3.54	3.70
SBS Bank	3.20	3.90	4.08
TSB Bank	3.75	3.90	4.07
UDC Investments	3.00	3.12	3.26
Westpac	3.00	3.13	3.27

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