Allied Farmers says it is unlikely to receive any funds when the assets of Matarangi Beach Estates are realised, leading to the probably write-off of the remaining $3.63 million in the company's books.

Recent havoc in global financial markets is likely to result in the $75 million of Fidelity Capital Guaranteed Bonds' future interest payments being suspended for a third time and could even force the fund's liquidation.

Heartland Building Society says it is considering a corporate bond issue and has mandated Westpac Bank to assess potential retail demand.

Blue Star Group's bankers are certain to put the company into receivership if bondholders reject the revised restructuring proposal next week, says chief executive Chris Mitchell.

Blue Star Group's major shareholders have bowed to bondholder anger at their restructuring proposal and are now offering concessions to induce bondholders to support their plan.

Heartland Building Society expects net profit for the year ending June 2012 will be between $20 million and $24 million following the acquisition of PGG Wrightson Finance.

The receivers of South Canterbury Finance say they have sold its 50% shareholding in Financial Synergy (FSL) which results in the full recovery of a loan.

Reserve Bank governor Alan Bollard took a bob-each-way approach to reviewing interest rates which has left economists and financial markets scratching their heads.

A number of Blue Star Group's bondholders are hopping mad at the "take-it-or-lose-all-your-money" deal they're being offered but the Financial Markets Authority (FMS) doesn't look likely to intervene.

Fisher & Paykel Finance is considering a number of options to diversify its funding base, including the possibility of issuing a retail bond.

Allied Farmers has been paid $2.45 million from Bridgecorp's receiver as final settlement of a loan made by Hanover which Allied Farmers had completely written off.

NZF Group's deal with the unnamed Australian private company which is expected to take a majority stake in NZF's home loans division should still proceed despite the group's subsidiary NZF Money going into receivership last week, says chief executive Mark Thornton.

Reserve Bank governor Alan Bollard isn't likely to raise rates on Thursday but the debate about how soon or late the first hike will be has hotted up following stronger than expected growth and inflation data.

NZF Group subsidiary NZF Money is heading into receivership owing investors about $18 million.

NZF Group subsidiary NZF Money is heading into receivership owing investors about $18 million.

The Financial Markets Authority (FMA) has forced NZF Group to withdraw subsidiary NZF Money's prospectus although NZF has tried to obfuscate this was the reason for the withdrawal.