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.

The withdrawal decision was taken "following the receipt of advice from one of (NZF Money's) borrowers that the purchaser with whom an unconditional contract of $3.5 million had been signed, and was due for imminent settlement, would not be able to settle on time and instead wished to renegotiate the terms of the existing unconditional contract that was in place," NZF told the stock exchange.

Z Energy, formerly Greenstone Energy Finance, is mulling yet another bond issue after its latest offering and its provision for over-subscriptions was fully met leaving unsatisfied demand.

Bridgecorp's long-suffering investors are to get their first payout since the company collapsed in July 2007 but will receive between just three and 3.5 cents in the dollar next month.

Blue Star Group's bondholders are being offered a nasty choice between the near certainty of losing all their money or holding on to a slim chance of being repaid a small part of it in three year's time.

NZF Group lost more than half its original $1.7 million investment in consumer lending specialist Finance Direct at the end of March.

The interests of PGG Wrightson Finance's (PWF) debt security holders not covered by the government's retail deposit guarantee scheme are likely to be enhanced by their holdings being switched to Heartland Building Society, says independent expert Northington Partners.