News

PGG Wrightson sets up banking syndicate

Thursday 17th of December 2009

The syndicate replaces the previous bilateral facilities and will allow other banks to join the funding framework, giving Wrightson greater flexibility to source funds as the new regulatory framework is phased in for non-bank deposit takers in the coming year.

"Forming a syndicate provides a structure to which other banks can easily join, and it is certainly our intention to broaden the...

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