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...

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