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Former finance firm completes full circle

Listed non-bank finance company GFNZ Group plans to revert to its old name of Geneva Finance and boost its share price.

Monday, June 20th, 2:36PM

GFNZ Group says it will revert to its old name of Geneva Finance and carry out a seven-for-one consolidation to boost its share price.

Geneva, as it was formerly called, was one of the first finance companies to go into a debt moratorium at the start of a string of company collapses in this sector in 2007.

It is one of the only large scale finance operation that successfully exited moratorium, paying its investors between 11% and 13% interest each month and repaying a total of $169 million (including $42 million of interest) to those investors...MORE»

Wellington Airport issues bonds

Monday, May 9th, 8:29PM

Wellington International Airport has allocated $75 million in bonds to participants in its book build process, including $25 million in oversubscriptions.

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Chorus offers bonds with minimum 4.1% rate

Monday, April 11th, 10:30AM

Chorus has announced an offer of five-year unsecured, unsubordinated fixed-rate bonds.

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ANZ issues bonds

Sunday, March 13th, 11:21AM

ANZ is making two offers of unsecured subordinated bonds.

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Genesis bonds

Thursday, March 10th, 11:51AM

Genesis Energy is offering up to $75 million, and up to $25 million of over-subscriptions, of six-year fixed rate senior bonds to institutional and New Zealand retail investors.

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Banks cut cash PIEs to half OCR

Tuesday, February 9th, 6:00AM

Low interest rates on offer from the four main banks’ cash PIE funds are likely just an indication of the tough times for people surviving on money in the bank, one commentator says.

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Banks cut cash PIEs to half OCR

Tuesday, February 9th, 6:00AM

Low interest rates on offer from the four main banks’ cash PIE funds are likely an indication of the tough times for people surviving on money in the bank, one commentator says.

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Turners looks to boost MTF stake

Monday, September 14th, 4:35PM

Turners is making an offer to buy shares in Motor Trade Finances (MTF) through its subsidiary Turners Finance Limited.

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