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South Canterbury Finance - Latest News [Page 1]
SCF demise may help property market
Wednesday, 1 September 2010, 1:18 pm | South Canterbury Finance
Lending conditions are yet to ease for many residential property buyers, First National Groups real estate agents monthly survey shows. However the rescue of SCF investors by the Government may provide a much-needed catalyst, Group general manager John ... More >>
SCF asks for recievership
Tuesday, 31 August 2010, 9:53 am | South Canterbury Finance
South Canterbury Finance Limited announced today that it has been unable to complete a recapitalisation and restructure. As a result, the Company would have been unable to certify to Trustees Executors Limited, in accordance with the terms of its debenture ... More >>
Investors alreted to posssible "predatory offers"
Wednesday, 11 August 2010, 10:53 am | South Canterbury Finance
South Canterbury Finance Limited is warning investors to take professional advice before considering any offers to buy their securities at heavily discounted prices below those on the NZX trading platform. More >>
South Canterbury Finance makes appointments
Thursday, 8 July 2010, 12:25 pm | South Canterbury Finance
Four senior executive appointments are being made by South Canterbury Finance Limited to carry forward the progress already made to re-establish the business on a sound footing. More >>
SCF Registers Amendments to its Prospectus
Wednesday, 23 June 2010, 12:58 pm | South Canterbury Finance
South Canterbury Finance Limited registered a memorandum of amendment to its current Prospectus today, Wednesday, 23 June 2010, to reflect the change in the Company’s credit rating announced yesterday by Standard & Poor’s. More >>
Lowered credit rating for South Canterbury Finance
Tuesday, 22 June 2010, 3:11 pm | South Canterbury Finance
South Canterbury Finance Limited acknowledged today that Standard & Poor’s has revised the Company’s long term credit rating to B-, the short term rating to C, and placed both ratings on Creditwatch Negative. More >>
South Canterbury Finance registers amendments
Tuesday, 22 June 2010, 9:44 am | South Canterbury Finance
South Canterbury Finance Limited registered a memorandum of amendment to its current prospectus and investment statement yesterday, Monday, 21 June 2010. More >>
South Canterbury Finance and Mr Allan Hubbard
Monday, 21 June 2010, 9:58 am | South Canterbury Finance
South Canterbury Finance Limited Chief Executive Officer Sandy Maier welcomed the clear statement from Commerce Minister Simon Power that the Company is specifically excluded from the statutory management order encompassing some of the business interests ... More >>
New Chairman for South Canterbury Finance
Wednesday, 9 June 2010, 11:13 am | South Canterbury Finance
The directors of South Canterbury Finance Limited today announced the election of Bill Baylis as Independent Chairman. More >>
Increased debt funding provided
Friday, 4 June 2010, 4:19 pm | South Canterbury Finance
South Canterbury Finance Limited announced today that it has reached agreement for an increase in the amount of its $75 million funding facility by $25 million. The $75 million facility, initially with New Zealand Credit Fund Limited, has been taken ... More >>
South Canterbury Finance update
Tuesday, 1 June 2010, 11:10 am | South Canterbury Finance
South Canterbury Finance Limited is working to obtain the consents required to enable the previously announced equity injection from Southbury Corporation Limited of $37.5 million involving Torchlight Fund No 1 LP to be completed. More >>
South Canterbury At ‘Turning Point’
Wednesday, 26 May 2010, 5:13 pm | South Canterbury Finance
The resuscitation of finance sector heavyweight South Canterbury may have reached a turning point of sorts a few weeks back when operational earnings moved close to break-even, says Warren Head of The Headliner in this week’s issue. More >>
Torchlight Fund increases investment in Southbury
Thursday, 20 May 2010, 12:25 pm | South Canterbury Finance
Torchlight Fund No1 LP (“Torchlight Fund”) has confirmed that it will take up an option to increase its investment in Southbury Corporation Limited which will enable additional equity to be injected into South Canterbury Finance Limited. More >>
Asset realisations net South Canterbury Finance
Wednesday, 19 May 2010, 12:51 pm | South Canterbury Finance
South Canterbury Finance Limited is making good progress to recover outstanding loans with realisations of $202 million achieved since 1 January 2010. More >>
Appointment of Group Treasurer
Tuesday, 11 May 2010, 12:30 pm | South Canterbury Finance
Appointment of Group Treasurer South Canterbury Finance Limited is pleased to announce the appointment of Greg Pearse as Group Treasurer. More >>
South Canterbury Finance Audited Half-Year Results
Monday, 12 April 2010, 11:46 am | South Canterbury Finance
South Canterbury Finance has today registered a new prospectus offering investors and depositors a range of attractive rates and maturities reflecting the Company’s acceptance into the Crown’s Extended Retail Deposit Guarantee Scheme. More >>
SCF Approved For Extended Retail Deposit Guarantee
Thursday, 1 April 2010, 5:31 pm | South Canterbury Finance
South Canterbury Finance Limited has today been approved to participate in the Crown’s Extended Retail Deposit Guarantee Scheme. More >>
South Canterbury Finance Limited at BB level
Wednesday, 3 March 2010, 10:01 am | South Canterbury Finance
South Canterbury Finance Limited reported today that it remains at the important BB level after rating agency Standard & Poor’s re-rated by one notch the Company’s long term debt. Standard & Poor’s lowered the rating to BB from BB+ and changed ... More >>
Half Year Loss, Group Restructuring
Monday, 1 March 2010, 5:34 pm | South Canterbury Finance
Southbury Corporation Limited, the parent company of South Canterbury Finance Limited, has fulfilled a longstanding commitment to support the Company by making a substantial injection of new equity into South Canterbury Finance totaling $152.5 million. More >>
South Canterbury Finance repays USPP early
Friday, 26 February 2010, 1:42 pm | South Canterbury Finance
South Canterbury Finance Limited is completing ahead of schedule repayment in full to noteholders under the modified terms of the United States Private Placement facility. More >>
