Rates Round Up
First Mascot Finance payment beats expectations; NZDMO to increase this year's bond programme; MTF cancels credit rating on euro commercial paper.
Monday, 3 May 2010
by Paul McBeth
First Mascot Finance payment beats expectations
In their previous report, Paul Munro and Brett Chambers of Deloitte estimated the first payment to be 50 cents in the dollar, but selling the failed company's buildings and recovering the full value of its gaming loan book, it paid back $35.8 million of the $65.2 million owed to some 2,500 investors.
That leaves 116 loans on the company's books at a net value of $33.7 million, with property loans the most problematic.
Mascot's investors were covered by the government's retail deposit guarantee, which pays out investors and takes on their liability.
NZDMO to increase this year's bond programme
That may result in fewer government bond issuances in the coming years.
MTF cancels credit rating on euro commercial paper
Commenting is closed
Weekly Updates including news and commentary
Today's Best Bank Rates
Today's Top 5 Deposit Rates
Find a Rate
Cash PIE Rates
6 June 2017
4 May 2017
10 April 2017
12 January 2017
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2017. Tarawera Publishing Ltd. All Rights Reserved.