
News
SCF Secured Bond issue closes oversubscribed
Tuesday 17th of June 2008
The interest rate for the Secured Bonds (which is fixed for a three-year term) was set on Monday 16 June at 10.50%.The Secured Bonds have been rated BBB- by Standard & Poor's which is consistent with South Canterbury Finance's rating of BBB-/Stable.
The Secured Bond issue further diversifies the company's funding base and follows its 2007 $125 million five-year bond issue and US$100...
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