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.
Neighbourhood Watch Week will start with a sizzle — a sausage sizzle to be precise — at Sevens Creek Dve in Kialla.
Victoria State Emergency Service (SES) and other emergency services are preparing for the next round of wild weather in the north-east.
It was clear blue skies last Tuesday for the official launch of the Gargarro (pronounced Ga-gar-ro) Botanic Gardens in Girgarre.
SNAKES will be coming out of hiding as the weather warms up.
KATH Bubb has been recognised for 50 years of service with the Ballendella Red Cross.
IT EXPERTISE in Kyabram has received recognition after Advance Computing won a Microsoft Australia Partner Award in the excellence in regional area customer category.
Seymour A and B-grade in season decider
Extensive rainfall in the Southern Riverina is having a negative impact on farming.
McIvor Creek – in and around Heathcote – has gone over its banks with all our recent rain, flooding streets and causing closures and detours.
Yarroweyah's Katie Anderson will be heading to Wisconsin in the United States after winning the Dairy Youth Travel Scholarship.
After a 30-year career as an accountant in Deniliquin, Peter Skipworth officially retires today.
Tuesday, August 16
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