Banksia Securities Ltd debenture holders are to receive a further repayment of two cents in the dollar today.April 2, 2014 3:10pm
Banksia Securities Ltd receivers McGrathNicol has today 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.
New research by the National Heart Foundation has placed Shepparton third in the country for obesity and physical inactivity.
Tungamah came up against Katandra on a windy but sunny day on Sunday at the Bear Pit.
Tatura will be abuzz this Saturday, May 2, when buyers, residents and from elsewhere, descend on the town for Tatura Community House’s ‘Monster Garage Sale’.
Echuca police expect to make some drug arrests over the next few weeks following the launch of the Dob in a Dealer campaign on Friday.
Rochester’s female business heads met Member for Murray Plains Peter Walsh on Thursday to discuss businesses and community issues in the district.
Alicia White hits 300 game milestone
Here's a chance to see an expert in action.
Tributes flow for Finley's inspiring mother, friend and farming advocate Jennifer Hawkins
Devastating storms in NSW last week saw SES volunteers from across the district pitch in to help out.
Young and old gathered at the Katamatite War Memorial on April 22 in a special Anzac service to mark the centenary of Australian troops landing at Anzac Cove.
On the back off two consecutive losses, the Deni Rams are desperate for a win when they face reigning premier Rumbalara tomorrow.
Widespread rain late last week and on Saturday put a smile on the faces of farmers preparing to sow crops or waiting for weeds to emerge on early-sown rye-grass.
91-yr-old Josephine De Fazio couldn't believe it when she dug up a 7.5 kg sweet potato from her Benalla veggie patch.
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.