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.
Police are asking for information about an assault in Shepparton that left a man with serious facial injuries and broken bones last month.
The 2014 Yarrawonga Mulwala Multisport Festival has been hailed a huge success by organisers and participants alike.
The fifth annual King Billy Retreat Open Garden Party will be held at Rushworth on Saturday and Sunday, October 25-26, from 10 am to 4 pm.
Campaspe Shire councillors boycotted this week’s meeting because of concerns of abuse and bullying.
St Joseph’s Primary School students took part in an extended after-school stay.
Accusations of bullying, disrespect and dangerous conduct.
A great day brought big numbers to Station St in Seymour.
Finley's Mark Whiley has been traded from the GWS Giants to Carlton - the club he has supported all his life.
Nominations are being sought for the annual Axedale CWA community youth award.
Access to Ulupna Island has been blocked at key points, leaving local residents and businesses rallying for a re-opening in a bid to save tourism dollars.
Deniliquin McDonald's raised more than $1300 for McHappy Day on Saturday.
Up to14 new full-time jobs will be created at Pactum Dairy Group in Shepparton, with the company set to embark on an $18million expansion at its factory.
Alma Nungarrayi Granites is the most successful of the Warlukurlangu artists who still live at Yuendumu and enjoys teaching children about aboriginal culture and art.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.