|1 Oct 2010||Hubbard investors to get 3c in dollar payment|
Investors in Aorangi Securities, one of Allan Hubbard’s frozen investment vehicles, will get a 3 cent payment in the dollar this month as the statutory managers prepare to sell some of its low-hanging assets.
|5 Oct 2010||NZF’s liquidity risk on mend with RMBS issues|
The collapse of some big finance companies recently has been an eye-opener for NZF Group which is now seeking to further reduce its reliance on debenture funding in favour of funding sources like Residential Mortgage Backed Securities.
|6 Oct 2010||Odd happenings with SFF Bonds|
On the face of it, investors are still offering to buy Silver Fern Farms' five-year bonds at a premium, even though the meat processor and exporter will redeem them a month early in November.
|8 Oct 2010||Your chance to tell us about fixed interest investing|
ASSET Magazine and www.depositrates.co.nz is conducting a survey to help understand how people are investing in the fixed interest sector. Use the link below to take part in this survey.
|10 Oct 2010||Geneva Finance continues to repay investors|
Geneva Finance paid around $6.7 million of interest to investors on September 30 after repaying debenture holders and banking facilities ahead of schedule on June 29.
|11 Oct 2010||Chris Lee taps ex-Hubbard exec for Timaru branch|
Kapiti investment adviser Chris Lee has wooed former South Canterbury Finance executive Kevin Gloag to set up a branch in Timaru.
|11 Oct 2010||RBNZ’s approval proposed for significant ownership transfer of NBDT|
Non-bank deposit takers may be subject to a new requirement that will require them to apply for the Reserve Bank’s approval when a transaction is likely to result in a person acquiring significant influence over the institution.
|12 Oct 2010||Retail Deposit Guarantee audit welcomed|
Auditor-General Lyn Provost will complete a performance audit of the Crown's Retail Deposit Guarantee Scheme which ended earlier this week.
|14 Oct 2010||SCF debenture and deposit holders to get repayment date|
All South Canterbury Finance (SCF) debenture and deposit holders will receive full repayment of their investment and applicable interest next Wednesday.
|14 Oct 2010||Business Finance's rating revised to stable from negative|
Business Finance, partly owned by Liberty Financial, has had its ratings revised from negative to stable by Standard & Poor's Ratings Services.
|15 Oct 2010||Avanti Finance converts sister firm Galatos into subsidiary|
Avanti Finance, a mid-sized finance company has expanded its balance sheet by buying the entire shares in its sister company Galatos to make it a wholly-owned charging subsidiary.
|18 Oct 2010||Media company looks to raise $200m|
The publisher of the New Zealand Herald and owner of The Radio Network, APN News, is mulling a bond offer to raise as much as $200 million.
|19 Oct 2010||PGG Wrightson eyes 90-day deposits|
PGG Wrightson Finance made big cuts to deposit rates for the 6-12 month term that saw the spread between the guaranteed and non-guaranteed rates narrow over those terms. But for 90-day deposit rates, the company made big upward moves and now offers the best rate among guaranteed finance companies.
|19 Oct 2010||[BREAKING NEWS] SFO to investigate SCF transactions|
The Serious Fraud Office (SFO) today announced that it had launched an investigation into South Canterbury Finance (SCF)
|20 Oct 2010||Smartpay looks to issue preference shares|
Eftpos company Smartpay is considering issuing preference shares, managing director Ian Bailey confirms.
|20 Oct 2010||Corporates chase South Canterbury money|
It's probably no coincidence there's a rush of corporate debt issues hitting the market just as South Canterbury Finance (SCF) investors are about to receive their cheques.
|21 Oct 2010||PGG Wrightson taps banks for new funding|
PGG Wrightson Finance, a unit of rural service provider PGG Wrightson, has secured a $100 million bank facility to help it get past the extended government deposit guarantee scheme.
|22 Oct 2010||ANF investors won't get their money back|
Investors holding the listed perpetual bonds of Allied Nationwide Finance Ltd., the failed finance unit of Allied Farmers Ltd., won't get their money back, as the securities are not covered by the government's guarantee.
|22 Oct 2010||Strategic Finance loan book sale stalls|
Investors in failed financier Strategic Finance Ltd. could get as little as 12 cents in the dollar out of their debenture stock after bids for the firm's loan book fell short of expectations.
|26 Oct 2010||Kiwibank trumping with flexible, high rate deposits|
Kiwibank has once again trumped other banks in the deposit space, introducing a product that offers an attractive interest rate coupled with the flexibility that many would like to have.
|27 Oct 2010||Investors warned to ignore bogus Hubbard poll|
The statutory managers for some of the business interests of Timaru millionaire Allan Hubbard are warning investors to be wary of a bogus survey being conducted on two of frozen investment funds.
|28 Oct 2010||ANZ, BNZ deposits grow strongly in September quarter|
Customer deposits at two of the largest banks grew significantly in the September quarter as investors sought the safety net and attractive rates on bank deposits ahead of the expiry of the government’s retail deposit guarantee scheme.
|28 Oct 2010||SFO adds Dominion Finance to its growing list of investigations|
The Serious Fraud Office is still in overdrive, adding Dominion Finance and its sister company North South Finance to a growing caseload.