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.
Shepparton’s Declo Bisimwa firmly believes education is the key to a better life.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
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Tomorrow is a Total Fire Ban day in Deniliquin, meaning no fires can be lit in the open and all fire permits are suspended.
Fifty new full-time jobs will be created at Tatura with a multimillion-dollar expansion of the abattoirs expected to be announced today.
Remembering Australian political giant Gough Whitlam who once called on Benalla police to stop then Treasurer Frank Crean on his journey up the Hume to phone the PM.
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