About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Sunday, January 19th, 11:09AM
Latest Headlines

South Canterbury goes to the market again

South Canterbury Finance is looking to do another secured bond offer this time aiming to raise up to $100 million.

Wednesday, November 26th 2008, 10:27PM
The Timaru-based company completed two such offers successfully last year. It said that it is considering making an offer of up to $75 million of first ranking, fixed rate, secured bonds and will accept a further $25 million in oversubscriptions.

Like other offers in the market this is a short-term one with a maturity in October 2010 – when the government’s retail deposit guarantee scheme is scheduled to end.

SCF has kept the right to extend the term by up to 12 months in the event the scheme is extended for at least a corresponding period and the extended Deposit Guarantee Scheme continues to apply to the secured bonds.

The bonds will have an 8.00% interest rate. The offer that is expected to be registered on December 2.

The bonds are likely to be listed on the NZDX.

« Who has got a guarantee?Money @ Work: PGG Wrightson Finance secured bonds »

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
  • Partners Life criticises Vitality
    “bay broker good points but I get the point about premiums increasing when sick. I have Vitality personally and I have qualified...”
    2 days ago by taka dan
  • Don't hold your breath for life insurance reform
    “That's a good observation from @JPHale there. "2% of sales" has even less meaning when you don't know if it's 2% of premiums...”
    2 days ago by Denis
  • Partners Life criticises Vitality
    “I've added Vitaltiy to a number of clients' new covers. I have also sold AIA cover without it. As with all advice it is...”
    2 days ago by BayBroker
  • Don't hold your breath for life insurance reform
    “Having read both the article and the comments I can only agree with what has been said in the comments. Further, I am...”
    2 days ago by BayBroker
  • David Whyte's 5 predictions for 2020
    “@ number 2: LOL - don't hold your breath. And besides, even if they did do it, if someone needs it they should probably already...”
    3 days ago by All hat no cattle
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