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Deposit rate news briefs

Friday 19th of May 2006

Allied hones in on Prime target
Allied Farmers' takeover of Prime Finance is progressing at a steady clip, with the Hawera-based rural services firm securing 72.08%. [[More]

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Forsyth SAILS in with new offer
Forsyth Barr and Caylon, Credit Agricole's corporate and investment bank division, will launch $100 million of fixed rate notes to the New Zealand market.

The notes, called credit saleable index linked securities, have an annual interest rate of 8.5% and will be linked to the performance of two investment grade indices covering Europe and North America.

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