News

Dorchester wants to buy back its $15m notes early for 92c in the dollar

Tuesday 24th of July 2012

The need to repay the notes, due to mature on June 30, 2013, "has been a significant obstacle in our way to securing bank funding to grow the lending book of Dorchester Finance," says chief executive Paul Byrnes.

Dorchester is offering to buy the notes back at $92 per $100 face value no later than September 12 compared to the last sale on the NZX debt market on July 12 at $79.35 per $100...

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