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Banksia debenture holders get first payment

Today the receivers and managers of Banksia Securities Limited have made their first payment of 20 cents in the dollar on debenture holders' investments.

December 7, 2012 12:32pm

The receivers and managers of Banksia Securities Limited have made their first distribution to Banksia debenture holders.

Today’s payment representing 20 cents in the dollar on debenture holders’ investments and it’s estimated a total repayment to debenture holders of between 50 and 65 cents in the dollar.

Receiver Tony McGrath said it was very pleasing to make a swift distribution to Banksia debenture holders.

More in tomorrow’s News.

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