No certainty on recoveries for OPI debenture holders
That's because of the complexity of the receivership, the various claims they are pursing and their investigations, receivers Colin McCloy and Maurice Noone say in their latest report.
"Providing an estimated return to secured debenture holders may also jeopardise any actions currently being exercised by the receivers," they say.
In the latest six months ended September 14, the receivers collected A$1 million (NZ$1.3 million) to settle a claim against a valuer.
The 7,361 New Zealand debenture holders are owed $143.4 million and the 2,514 Australian debenture holders a further $55 million.
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