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PTB Finance seeks two years grace

The finance arm of Brisbane-based aircraft supplies firm PTB is asking investors in $4.6 million of notes to agree to extend the term by two years.PTB is currently dependent on funding from Commonwealth Bank, which became the firm's banker in January this year. However, the bank is not about to accommodate the repayment of the unsecured notes.The firm will pay back 20 per cent of the capital owed once investors agree to the extension.

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