Latest Deposit Rates news
Friday, May 3rd, 6:00am
Geneva Finance’s moratorium repayment of $4.9 million, due on September 30, will be paid on May 8, 22 weeks ahead of schedule, the NZAX-listed vehicle loan provider said.
The September 2010, March 2011, September 2011, March 2012 , September 2012 and March 2013 scheduled debenture principal repayments were also all paid early. Including this payment, Geneva has repaid more than $144 million of investor principal and interest payments since the company entered moratorium in November 2007, owing $132.4 million to investors. Geneva says it has paid $41.1 million in interest at a weighted average interest rate of 10...MORE »
Thursday, April 4th, 6:33pm
The Reserve Bank has asked for submissions on its review of the prudential regime for non-bank deposit takers (NBDTs).MORE »
Monday, March 4th, 1:34pm
Beleaguered lender Allied Farmers, which faces two separate statutory demands totalling more than $4 million, says it could be put into liquidation if a repayment proposal can’t be agreed on.MORE »
Friday, March 1st, 10:00am
NZF Group won’t be resuming interest payments despite the “imminent” lifting of an asset freeze order stemming from a court dispute.MORE »
Monday, February 25th, 3:17pm
Allied Farmers has been hit with a second statutory demand in the space of a fortnight, this time by the Commissioner of Inland Revenue for $3.7 million.MORE »
Wednesday, February 20th, 12:43pm
Bank of New Zealand parent National Australia Bank (NAB) has opted to call nearly $450 million of BNZ Income Securities perpetual shares.MORE »
Friday, February 15th, 4:18pm
Investors holding more than $800 million of bonds issued by ANZ Bank NZ are about to see the interest rate they receive slashed.MORE »
Thursday, February 7th, 10:18am
The Financial Markets Authority says six directors of Strategic Finance are likely to have breached the Securities Act.
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