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Bond payment suspended
Tuesday 15th of January 2008
The bond, which raised $75 million last year and listed on the NZDX, has suspended this half's 9.25% payment due to the uncertainty in the global credit markets."We regret to advise that on the interest payment date of 15 January 2008 a Capital Guaranteed Bond shortfall will arise. Thus, the scheduled payment of interest will be suspended in full," the company says in a letter.
Earlier th...
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