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South Canterbury retains customer loyalty

Tuesday 29th July 2008

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South Canterbury Finance said it has retained the loyalty of its investors despite some spectacular crashes in the financial sector.

The South Island firm had a retention rate of 63.7% for the year ended June 30, it said in a statement. It plans to post its annual results next month.

"Investor loyalty remains strong despite multiple failures in our sector," the company said. The trading outlook was "strong," with "good deal flow supported by sound liquidity."

South Canterbury Finance's 10.43% December 2012 notes were last quoted at 97.686. The company has a BBB- credit rating.

By Jonathan Underhill

  General Finance Advertising    

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