Deposit rate news briefs
Monday, March 19th 2007, 4:04PM
First Rated Mortgage Bonds issuedChristchurch based first mortgage lender, propertyfinance group has listed its first series of Rated Mortgage Bonds.
PFG chairman Barney Sundstrum said "this NZDX listing of BBB rated, residential property backed bonds is the culmination of a major project for the group.”
He says it has been a ground breaking exercise and PFG Group is excited at the prospect of both growing this initial listing and listing other investment grade mortgage backed bonds in the future.
UDC revamps offering
UDC has rolled out a new suite of secured term investment rates which now include 1, 2, 4 and 5 month interest rates in addition to its existing rate terms.
It has also made a change to its rate tiers, now having one tier for amounts of up to $99,999 and another for amounts of more than $100,000.
"We believe that the new standard terms and competitive interest rates, backed by our AA- Standard and Poor's credit rating will make investing with UDC a serious consideration for investors and reaffirm UDC's position as a leader in the finance industry," the company says.
| « Commission bans finance company | Strategic all go with Allco » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
