News and Opinion, sponsored by RaboPlus

Bernard Hickey talks to Bruce McKay, the joint Managing Director of Viaduct Capital, about how the property financier operates and the risks involved for investors.

Viaduct Capital, which does not have a government guarantee, has relaunched its prospectus after being absent from the market. Viaduct Capital’s deposit guarantee was withdrawn by Treasury in April and its then Chief Executive Nick Wevers has since left the company. McKay talks about the guarantee situation and the future for Viaduct Capital.

Tags: Bruce McKay, Deposit Guarantee, Nick Wevers, Viaduct Capital

You may also like to read:

• Viaduct hikes deposit rates as it goes ‘naked’ post guarantee (update 2)
• Government withdraws guarantee from Viaduct Capital (Update 2)
• Viaduct Capital cuts term deposit rates
• Top 10 links: Inflation is John Key’s biggest fear; Faster fall than Depression; Jon Stewart’s anti-CNBC rant; Attack on Chris Lee
• Why Treasury almost recommended ending the deposit guarantee scheme in 2010
• Top 10 at 10: First Step ‘mis-sold’; Looming finance company problem; Fonterra’s debt issues; Dilbert
• F&P Finance raises longer term debenture rates
• CBS Canterbury applies for deposit guarantee scheme
• Opinion: This scheme has 2 big holes to drive trucks through
• Westpac opts in to the deposit guarantee scheme

This entry was posted on Friday, December 4th, 2009 at 5:38 pm and is filed under Finance Companies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.