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Smartpay looks to issue preference shares

Wednesday 20th of October 2010

Smartpay has between $4 million and $6 million in corporate debt - Bailey said he's "a bit vague because we're in the process of paying it down," but he would dearly love to reduce that.

Broker FE Securities has posted out a "pre-marketing letter" to potential investors to gauge what level of interest there might be is a preference share issue, Bailey says.

"We're still working th...

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