
DR - Finance companies
SCF repays US$50m to investors
Thursday 29th of October 2009
The funds have been drawn down to repay US$50 million of South Canterbury's US$100 million private placement facility, whose investors had the right to demand repayment when the finance company lost its investment grade credit rating. The remaining US$50 million is to be repaid over five months.
The transaction fits with part of Perpetual's strategy of taking on investments deemed too ri...
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