News

South Canterbury Finance faces billion dollar liquidity risk

Wednesday 10th of February 2010

The finance company controlled by Timaru businessman Allan Hubbard has some $491.2 million to be repaid by the end of June and a further $650.5 million of borrowings falling due before the expiry of the government's retail deposit guarantee scheme in October, along with another US$17.5 million owed to noteholders under its private placement with American investors due by the end of March. It ex...

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