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Banksia debenture holders to receive first payment

Echuca-Moama debenture holders with Banskia Securities Limited will today receive their first payment after the business went into administration in October

December 7, 2012 1:33pm

Debenture holders with Banksia Securities Limited will today receive their first payment after the business went into receivership in October.
Receiver McGrathNicol issued a statement today saying debenture holders would receive a payment of 20 cents for every dollar invested.
It also outlined possible returns of between 65 and 70 cents in the dollar.
Full details in Monday’s Riv.

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