Banksia Securities Limited debenture holders received two cents in the dollar payment today, the fifth since the company collapsed in October 2012.April 2, 2014 2:56pm
Banksia Securities Ltd receivers McGrathNicol has announced a further repayment of two cents in the dollar to BSL debunture holders.
This is the fifth interim repayment and brings the total repaid to 80 cents in the dollar.
Receiver Tony McGrath said, based on information currently available, a final overall projected repayment of 82 to 83 cents in the dollar is achievable from estimated remaining asset recoveries.
‘‘We are very pleased that we have now achieved the ‘low’ range of our previous repayment guidance of 80 to 85 cents inthe dollar,’’ he said.
Mr McGrath said the timing and amount of further returns is dependent on the outcome of any litigation recoveries.
BSL went into receivership in October 2012 owing debenture holders $660 million.
The Bureau of Meteorology has released a severe weather warning for regions that include Shepparton. It includes damaging winds and the potential for flash flooding.
Pete O’Neill and Abby Hicks are national champions at the completion of the 2015 Australian Barefoot Championships held last week.
GVAC women Rachel Pratt and Jacquie Fitzpatrick showed the men, and the large crowd at Rushworth Speedway on Saturday, March 28, they have what it takes when competing in the men’s classes.
Two international backpackers have taken aim at contractors who hired them to pick fruit in the region without payment.
Rochester boxing coach Chris Trewin and his team of dedicated trainers have been hitting the bag for more than six months and the results are beginning to show.
Local MP calls for community applications
A special event will take place at Pioneer Park on Sunday.
Jerilderie's born and bred Madeleine Harris has been recognised for her banking and finance career
Concerned Costerfield residents had the chance to voice their antimony health concerns last week after an independent facilitator was appointed.
Strathmerton clinched a win in the high-scoring game against Mathoura on the weekend in the PDFL North West competition.
Deniliquin swimming dynamo Stephen Dalzell has finished 13th overall in his preferred event at the Australian Age Championships.
Murray Goulburn Co-operative has set a date for a special meeting to vote on a new capital structure.
Emergency services are on scene of a two-car crash on the Midland Hwy, near Benalla. Two people have died. Traffic is being diverted.
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