Rates round-up

First payment this week for Orange investors
Orange Finance investors voted in favour of accepting a moratorium plan where they will receive a payment of 15 cents in the dollar this week, even as the company could not say when the next payment would be.

The plan will keep Orange from going to the receivers, but it is unclear whether investors will benefit from it.

No interest will be paid to debenture investors until the principal has been repaid, something that the company does not expect to occur unless market conditions improve significantly.

Debenture stock investors are owed some $23 million by the finance company.