About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Thursday, January 30th, 6:48AM
rss
Latest Headlines

Rates Round Up: May 24

Included in this round up - which will be updated during the week are; Genesis raises $275 mill; Hanover withdraws summary judgment claim against Allied.

Tuesday, May 24th 2011, 6:47AM

Hanover withdraws claim against Allied Farmers
Allied Farmers says that Hanover has withdrawn its summary judgment application against it sekking $5 million.

Hanover claimed Allied owed it $5 million as part of the debt for equity swap and the money was due on June 30 2010. The claim will now proceed as a normal civil action with a timetable expected to be set later this year. Allied Farmers intend to "continue to defend the claim vigorously."

Genesis raises $275 mill in bonds
Genesis Energy has raised the full $275 million in subordinated 30-year capital bonds it sought and has set the interest rate at the minimum 8.5% for the first five years.

The bonds, which are rated "BB-" by Standard & Poor's, will partly fund Genesis' $821 million acquisition of the Tekapa A and B hydro power stations.

Genesis chair Jenny Shipley says she is "delighted with the success of the issue and welcomes the many new investors who have chosen to invest in Genesis Energy."

« South Canterbury Finance receivers sell $100m in loansHeartland faces obstacles to achieve bank status »

Special Offers

Commenting is closed

 

print

Printable version  

print

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

MORE 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%

MORE QUIZZES »

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