ANZ NZ says it was cold called by more than 10 overseas hedge funds about its rural loan portfolio within 6 months, 3 of 4 other major rural lenders say they haven't been approached

ANZ NZ says it was cold called by more than 10 overseas hedge funds about its rural loan portfolio within 6 months, 3 of 4 other major rural lenders say they haven't been approached
Picture: RBNZ.

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they dont say how far under par the offers were.

Sounds like bluff, to try and keep the Reserve Bank from introducing increased capital requirements.

What a cheak from Jonkey the chairman, who aid and abated the dairy growth in the first place.

We closed off all ANZ accounts, and withdrew deposits a couple of weeks ago, and I encourage others also to do this.

PR game run by bullies.

Hope you got a better deal. That’s what it’s about. Banks are suppliers, too many farmers thought they were friends.

Hedge funds are not groups to obtain access to NZ rural credit. .

Some not so recent National/ANZ work.
https://www.newsroom.co.nz/2019/07/12/678226/the-taranaki-farmers-who-to...