Tuesday 9th December 2008 |
Text too small? |
"While there have been no new defaults in the current quarter, it is expected that the default rates will increase in the next 12-18 months," according to the update, which was released to the NZX.
There has been a "meaningful deterioration" in the outlook of some of the borrowers, it said.
The default rate over the past 12 months rose to 3.6% by number of senior loans, it said.
The loans are still expected to be repaid at par value despite the worsening outlook, it said. "The key factors that will affect the final return to investors are loan defaults and recovery rates."
No comments yet
Kiwi Property FY24 annual results announcement date
MFB - FY24 Results Announcement Date and Briefing Details
AIA - Announces books closed for retail bond offer
May 8th Morning Report
NZ-UAE free trade on the table
ANZ - 2024 Half Year Results Documents
FWL - Foley Wines Limited 2024 Harvest
IKE Closes Major Multi-Year Subscription Deals
AIA - 2024 Macquarie Australia Conference Overview of AIA
Devon Funds Morning Note - 06 May 2024