South Canterbury Finance plans NZ$100 mln bond issue

South Canterbury Finance has announced plans to raise up to NZ$100 million through an issue of government guaranteed bonds with an 8% interest rate and with an October 8, 2010 maturity date. The issue of NZDX listed bonds is being lead managed by Forsyth Barr. * This article was first published earlier today in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.