November 27, 2008

Investment rates falling on guarantee

Hi

Keeping up with what's happening in the deposit and investment space at the moment is pretty hard to do. It seems nearly every day more firms are accepted into the guarantee scheme, added to that plenty of new offers are emerging.

One of the interesting trends is that once firms are accepted into the guarantee scheme their rates come down - some by as much as 200 basis points.

You can keep up to-date with the scheme acceptances here and www.depositrates.co.nz is reporting rate changes as they happen. The latest is that Alliednationwide has today dropped its rates - a day earlier than expected.

Amongst the new offers we have PGG Wrightson Finance in the market and South Canterbury Finance about to make another bond offer.

With the corporates Genesis Power has an offer out and we understand others may follow.

While these companies are getting on with growing their operations, some of the struggling firms have reported news this week.

• Hanover started its series of nationwide roadshows to investors: Dates and locations here
• Dorchester offers its repayment plan to investors: Read more
• Strategic Finance cancels January payment