Hanover restructure plan
Panel 1 Hanover restructure plan Delayed repayment plan Repay 100% over 5 years NZ$553 mln invested 17,630 investors Panel 2 Only capital, no interest Needs property recovery 30% in first 3 years Hanover to restart lending Panel 3 Hanover says restructure Better than receivership Vote on December 9 Receivership offers 82c/$ Panel 4 Hanovers forecast includes 10c from new lending Resumption of borrowing Panel 5 The game is over Run down the book Retail debentures dead Property speculation dead Put in the receiver
Added: Nov 20, 2008; Author: ofInterestNZ; Duration: 4:11; Views: 270
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