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News Archive - April 2009

2 Apr 2009Marac appoints new CEO
Pyne Gould Corporation says that Jeff Greenslade will take over the role of chief executive at Marac, currently held by Brian Jolliffe.
6 Apr 2009Rates round-up
Fortress notes worthless; Credit event for Credit Sails; Rabobank contemplating PIEs; Geneva forks out third repayment; Contact raises $550m
7 Apr 2009Public Trust gets govt guarantee on interest
Public Trust says the government guarantee it has on term and on-call account deposits has been extended to include interest.
8 Apr 2009Five Star directors banned
The directors of the Five Star group of companies have been banned from directing or managing companies in New Zealand.
14 Apr 2009Rates round-up
AMP Notes close; NZX data shows debt issuance towers above equity this year
21 Apr 2009Viaduct Capital loses Crown guarantee
In a surprise move The Treasury late yesterday, withdrew the Crown retail deposit guarantee from Viaduct Capital.
21 Apr 2009Commission says company must tell both sides of story
The Securities Commission has banned advertisements by Propertyfinance Securities (PFSL) for a proposed restructure of its moratorium arrangements saying they were one-sided.
21 Apr 2009Rabo's new PIE
Rabo Capital Securities has unveiled the details of its new PIE preference share offer which is due to open next week.
27 Apr 2009Rates round-up
NZ Post finance company raises $200m; Injunction filed against Propertyfinance trustee; Strata investors covered by guarantee
28 Apr 2009Viaduct Capital returns to market sans guarantee
Finance company Viaduct Capital, which lost its government guarantee last week, has returned to the market offering investors higher interest rates than before.
30 Apr 2009Rabo caps PIE offer
Rabo Capital Securities says it has capped the amount it plans to raise through its PIE securities offer to $330 million.

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Today's Best Bank Rates
Rabobank 0.75
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
InstitutionRateProduct
NZCU Auckland 1.00 Success Saver
First Credit Union 0.75 Online Savings
Rabobank 0.75 Rabobank PremiumSaver - max rate
Heretaunga Building Society 0.60 On Call
NZCU Baywide 0.60 Success Saver
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ANZ 0.10 0.10 0.11
ASB Bank 0.15 0.16 0.17
ASB Bank 0.15 0.16 0.17
ASB Bank 0.15 0.16 0.17
ASB Bank 0.15 0.16 0.17
ASB Bank 0.15 0.16 0.17
BNZ 0.10 0.10 0.10
Heartland Bank 0.40 0.40 0.40
Kiwibank 0.05 - -
Kiwibank 0.25 - -
Nelson Building Society - - -
SBS Bank - - -
TSB Bank 0.25 0.25 0.26
Westpac 0.20 0.21 0.23
Westpac 0.05 0.05 0.05
Westpac 0.25 0.26 0.27

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