Fisher & Paykel Finance gains acceptance to extended guarantee scheme
Fisher & Paykel Finance, the unit of Fisher & Paykel Appliance Holdings, has been approved by Treasury to participate in the extended New Zealand retail deposit guarantee scheme.
Tuesday, 18 May 2010
The government scheme, implemented at the height of the credit crunch, extends FPF's guarantee from October 12, when it was originally intended to end, until December 31, 2011. FPF is the fifth finance company to have an approved extension by Treasury.
Alastair Macfarlane, FPF's managing director, said that the company would be offering guaranteed and non-guaranteed deposits in order to ensure investors have a choice of the full range of investment opportunities.
"The company has continued to maintain satisfactory levels of debenture reinvestment from its investor base and viewed continuation of this support as a key factor in maintaining the strategy of diversification of funding for the business," Macfarlane said.
Standard & Poor's recently issued a long-term credit rating of BB, outlook stable, for FPF.
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
10 April 2017
12 January 2017
11 January 2017
21 November 2016
12 November 2016
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.