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South Canterbury Finance Ltd

Lower deposit guarantee hurt South Canterbury

Lower deposit guarantee hurt South Canterbury
Wellington, Sept 2 NZPA - Wealthy investors pulling money out of South Canterbury Finance (SCF) to get below new limits for the Government's deposit guarantee scheme appear to have compounded the woes of the Timaru-based finance company.

South Canterbury Finance remains on creditwatch, S&P says

Wellington, May 6 NZPA - Standard & Poor's has highlighted debenture refinancing pressures in a decision to keep its rating of finance company South Canterbury Finance Ltd on creditwatch with negative implications.

Southbury Sells Convertible Notes In First Leg Of Capital Raising

Southbury Sells Convertible Notes In First Leg Of Capital Raising
Wellington, Jan 11 NZPA - A public listing of the extensive South Island business interests of Timaru-based businessman Allan Hubbard is among the options being considered as a follow up to a successful private placement of convertible notes announced today that raised $27.5 million.

South Canterbury Finance Chief Executive To Leave The Company

South Canterbury Finance Chief Executive To Leave The Company
Wellington, Nov 26 NZPA - South Canterbury Finance Ltd chief executive Lachie McLeod is leaving the finance company, shareholders were told at the annual meeting in Timaru today.

South Canterbury Finance Signals Bond Sale

South Canterbury Finance Signals Bond Sale
Wellington, Nov 26 NZPA - South Canterbury Finance Ltd is considering selling up to $100 million of secured bonds maturing on October 8, 2010.