About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, January 28th, 10:01AM
Latest Headlines

SCF looks to raise another $100 mill

South Canterbury Finance is looking to raise up to $100 million through a secured bonds offer.

Monday, May 12th 2008, 5:51PM
It is looking to make an offer of up to $75 million of first ranking, three year, fixed rate secured bonds, and have the ability to accept another $25 million in oversubscriptions.

Forsyth Barr has been appointed lead manager of the proposed offer.

It is expected Forsyth Barr will underwrite the offer up to $75 million.

The bonds will be first ranking, secured, three-year term, fixed rate securities with interest paid at the higher of 10.50% and a margin of 2.75% above the three year swap rate following the closing of the offer.

SCF, which has a BBB- Standard and Poor's rating, conducted a successful bond offer last year. That offer closed fully subscribed and it is understood SCF was surprised at the amount of interest in that offer.

A prospectus and investment statement for the new offer is expected to be registered in mid May.

The bonds will be listed on the NZDX.

To get a copy of the Investment Statement when it comes out send your details (name, addrees, phone) here
« Billion dollar booby but finance company sector fights on, RBNZ findsFairview bites the dust »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Today's Best Bank Rates
Rabobank 1.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News


Most Commented On
News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%


About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com