The Securities Commission has published an article providing guidance to investors considering moratorium proposals. See article here.

South Canterbury Finance has opened its $100 million of fixed rate, secured bonds, which is offering a return of 8% with quarterly interest payments.

Tauranga

Hamilton

Genesis Energy is looking to raise up to $225 million through a senior bond issue with the money raised being used for general corporate purposes, including the repayment of debt.

The government’s deposit guarantee scheme has turned the finance company sector on its head, with investors now pouring money into these companies.

AIG Life has just released details of its latest product enhancements which, it says, are part of an on-going programme of improvement and innovation to help meet the needs of Kiwi business and families.

Palmerston North

Hawke's Bay (2 sessions)

Northland

Dorchester Pacific turned to a first-half loss, reflecting a write-off of its stake in ailing finance company St Laurence and an impairment charge against assets.

Fisher Funds is about to start promoting an infrastructure fund with its new cornerstone shareholder Morrison and Co.

Wellington Airport to sell $100m of bonds; BNP custody finds fans as uncertainty rules; Dominion administrators call moratorium meeting; Genesis’ proposed $150m retail bonds issue rating assigned

One observation I would make at the moment is that there is a lot of short-term thinking and short-term opportunity-taking happening across the market.

Nationwide

Christmas is coming and mortgage rates are falling. The Good Returns mortgage rate table is looking festive as it registers scores of reductions by lenders. Borrowers now need to consider how much lower homeloan rates will go and whether it is time to lock into one of the new fixed rate deals.