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MARAC Finance - Latest News [Page 1]
MARAC credit rating upgraded by Standard & Poor
Thursday, 12 August 2010, 10:51 am | MARAC Finance
Pyne Gould Corporation Limited (PGC) is pleased to announce that its subsidiary MARAC Finance Limited (MARAC) has had its credit rating affirmed by international rating agency Standard & Poor’s (S&P) as BB+, and its outlook improved to “stable” ... More >>
MARAC acquires the GMAC NZ motor vehicle book
Thursday, 1 July 2010, 10:40 am | MARAC Finance
Pyne Gould Corporation Limited subsidiary, MARAC Finance Limited (MARAC), has today announced the purchase of GMAC New Zealand Limited’s (GMAC NZ) retail motor vehicle financing book from GMAC NZ and Cari New Zealand. More >>
Suzuki And Marac Team Up
Wednesday, 29 April 2009, 1:30 pm | MARAC Finance
MARAC continues to fill the gap left by GE Money and GMAC’s exit from the New Zealand vehicle dealer market, with a new partnership between Suzuki New Zealand Limited, MARAC Finance Limited and MARAC Insurance Limited. More >>
MARAC - Solid performance in challenging market
Friday, 27 February 2009, 11:38 am | MARAC Finance
Solid performance in challenging market. Interim Results to 31 December 2008. MARAC achieved a net operating profit of $19.2m before tax and impaired asset expense. MARAC continues to support New Zealand businesses and consumers in turbulent times. ... More >>
Investors should consider locking in fixed rates
Friday, 9 January 2009, 11:16 am | MARAC Finance
“Many New Zealand investors, and especially pensioners, rely on income from fixed interest investments. With fixed interest rates falling in New Zealand by approximately 30% during the past 12 months, and with another cut in the Official Cash Rate expected ... More >>
PIE investments give investors even more choice
Wednesday, 10 December 2008, 2:51 pm | MARAC Finance
MARAC today launched the MARAC Term Deposit PIE [1]. This is a PIE investment with a difference – it provides investors with a fixed term, fixed rate investment that offers the option to have income either direct credited or compounded quarterly. More >>
OCR cut - comment from Brian Jolliffe
Thursday, 4 December 2008, 9:36 am | MARAC Finance
“On the back of today’s cut to the Official Cash Rate, it’s a good time for investors who rely on income from fixed interest investments to seek advice on making the most of their money going forward as interest rates are likely to continue falling. ... More >>
MARAC launches MARAC Rapid Saver
Thursday, 27 November 2008, 3:05 pm | MARAC Finance
MARAC has launched a new savings account, MARAC Rapid Saver1, which gives investors the ability to make automated monthly deposits which, combined with MARAC’s competitive interest rates and having interest compounded monthly, will allow investors to reach ... More >>
MARAC approved under the NZ deposit scheme
Wednesday, 12 November 2008, 11:49 am | MARAC Finance
MARAC Finance Limited has a guarantee under the New Zealand deposit guarantee scheme. This was granted on Monday, 10 November 2008. More >>
OCR cut - comment from Brian Jolliffe
Thursday, 23 October 2008, 10:30 am | MARAC Finance
“We are currently seeing Governments around the world working hard to stabilise their economies and with the decrease in the OCR today and the introduction of the Deposit Guarantee Scheme, New Zealand is no exception to this. More >>
Marac Comment On OCR
Friday, 12 September 2008, 9:56 am | MARAC Finance
"Today's announcement regarding the decrease in the Official Cash Rate will be welcomed by the business community who are looking for a kick start in activity after a prolonged period of difficult economic conditions. More >>
MARAC To Accept Oversubscriptions In Bond Offer
Monday, 7 July 2008, 1:08 pm | MARAC Finance
MARAC Finance Limited (“MARAC”) is pleased to announce that, following robust and widespread support from both intermediaries and investors for its inaugural offer ("Offer") of first ranking* secured bonds ("Secured Bonds"), it will be accepting ... More >>
MARAC Launches Inaugural Secured Bond Offer
Monday, 23 June 2008, 10:44 am | MARAC Finance
MARAC Finance Limited (“MARAC”) is pleased to announce the launch of its inaugural offer of up to $100 million of first ranking* five-year, fixed rate, secured bonds ("Secured Bonds") with up to a further $25 million of Secured Bonds available by ... More >>
MARAC announces pricing of proposed offer
Tuesday, 17 June 2008, 9:28 am | MARAC Finance
The Board of MARAC Finance Limited ("MARAC") is considering making an offer of $100 million of first ranking, five-year, fixed rate secured bonds ("Secured Bonds") with up to a further $25 million of Secured Bonds available by way of ... More >>
Announcement – MARAC Finance Limited
Tuesday, 10 June 2008, 4:40 pm | MARAC Finance
MARAC Finance Limited (MARAC) continues to perform well in current conditions and has provided the following update for the market. More >>
Intention to offer up to $100 mil Secured Bonds
Monday, 9 June 2008, 12:41 am | MARAC Finance
The Board of MARAC Finance Limited ("MARAC") announced today that it is considering making an offer of $100 million of first ranking, five year, fixed rate secured bonds ("Secured Bonds") with up to a further $25 million of Secured Bonds available by ... More >>
Standard & Poor's assigns investment grade rating
Tuesday, 4 April 2006, 4:07 pm | MARAC Finance
MARAC Finance Ltd (MARAC) today announced it has been assigned an ”investment grade” rating by internationally recognised credit rating agency, Standard & Poor’s. The rating is BBB-* and has been issued as ‘stable’ for two years. More >>
