News
Equitable aiming for more non-guaranteed money
Tuesday 2nd of November 2010
Chief executive Peter Thomas says Equitable cut the rate it was offering for one-year debentures, which come with a government guarantee, from 6.50% to 5.50%.
While the prospectus is open-ended with no minimum or maximum amount specified, "we're not a bottomless pit." Equitable has learnt from its own and other finance companies' experience that it isn't a great idea to have too large an...
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