News
Lombard Finance makes first payment to debenture holders
Friday 4th of December 2009
The receivers for the failed finance unit of the company formerly chaired by Doug Graham still predict they can recover between 17% and 29% of investors' original investment, though they say the "property market continues to be challenging and volatile."
"Achieving loan recoveries remains difficult due to market conditions and in certain cases, enforcement action by prior ranking securit...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
3 min read