Media Statement: Crown secures position in South Canterbury receivership and moves to repay all depositors of defaulting guaranteed companies
Page updated 31 Aug 2010
The Crown is facilitating repayment of all of South Canterbury Finance’s prior-ranking debts along with all debt-security holders in order to put itself first in line to be repaid by the company’s receivers, behind those protected by statute.
See the media statement: Crown secures position in South Canterbury receivership and moves to repay all depositors of defaulting guaranteed companies
