23

Kiwibank has set a margin of 290 basis points over the five-year swap rate for the dividend on its upcoming preference share issue. read more

Another NZ finance company - Vision Securities - was put under receivership last week, leaving the government to meet its obligations towards depositors covered under the New Zealand government reta.. read more

South Canterbury Finance can now breathe a sigh of relief as the company managed to get approval from the New Zealand government under the extended retail guarantee scheme. read more

South Canterbury Finance received another dose of capital injection after Torchlight Fund No. 1 LP subscribed to NZ$22 million of secured convertible notes in Southbury Corporation, which will be us.. read more

Rabobank New Zealand's impairment provisions rose sharply in the fourth quarter of 2009 and the bank warned that further credit provisioning could be expected in 2010 due to a decline in credit qual.. read more

Geneva Finance investors are reported to have approved the company's deferred repayment plan that is a prerequisite to securing an extension of a funding facility from Bank of Scotland International.. read more

Tightening monetary policy considerably to tackle housing booms is a thing of the past for the Reserve Bank of New Zealand as it now expects its policy to have a sharper impact in the post-crisis en.. read more

South Canterbury Finance remains on edge as it awaits the outcome of its application for extended guarantee from the New Zealand government. read more

Faced with the prospect of a downgrade because of the negative outlook on its ratings, BB-rated Equitable Mortgages was quick to apply for the New Zealand government's extended guarantee scheme appl.. read more

In a quarter where most banks increased their reliance on short-term funding to lower their interest expense, TSB Bank in New Zealand stuck to customer deposits as its only form of financing. read more