F&P Finance joins extended guarantee 19 May 2010 4:24PM Sophia Rodrigues Larger finance companies are moving to take up the extended guarantee scheme available to finance companies in New Zealand.Fisher & Paykel Finance is the fifth finance company, and so far the biggest, to join the scheme. The extended guarantee lasts until December 2011, 14 months beyond the expiry date of the original guarantee.As of September 30, 2009, F&P Finance had about NZ$174 million of debentures. It also had NZ$129 million of bank loans and a NZ$15 million loan from a related party. F&P Finance has not published an updated prospectus since September 2009. Financial data from then show a slowdown in debenture funding over the past year. Retail debenture funding reduced by around NZ$27 million to NZ$174 million as at that date. Reinvestment rate tracked between 64 per cent and 83 per cent. F&PF raised only NZ$5 million in new funds. F&PF recently secured an extension on the repayment schedule for its bank loans of NZ$129 million.F&P Finance received at least two capital infusions from its parent in the past year: NZ$10.0 million received in September 2009 and a further NZ$15 million in October after the NZ$15 million related party loan was repaid, and subsequently injected as capital.