The Bay of Plenty Regional Council is seeking to raise up to $200 million through a perpetual preference share offer to fund infrastructure projects.

Updated data

Investment rate report: We're starting to see a greater number of changes to investment rates with banks and finance companies.

Wind-up details for NZIT out; Aust firm takes a stake in property manager; Credit Agricole sets up Down Under. Comment: What's happening at MFS?

MFS Pacific has pulled its prospectus and stopped accepting money, as its Australian parent company refused to provide funding for the recent round of maturities.

Finance companies look like they are going to continue to be in the news this year if the past week is anything to go by.

Invercargill

Pinnacle Life has increased its electronic underwriting limits by 60%, enabling it to now offer life cover up to $800,000 instantly online.

MFS had its shares placed in a trading halt yesterday due to the "uncertainty" surrounding its Australian parent company.

Investors with money in Capital + Merchant Finance are likely to see only around 59c in every dollar invested.

Dunedin

Hanover Finance has reported significant cash reserves and what it calls "a solid profit performance" for the six months to December 31.

The Rated Mortgage Bonds offered by PropertyfinanceSecurities have been taken off a negative credit watch rating by Fitch.

Christchurch