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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