F&P Finance changes approved

Last updated 17:01 09/07/2014

Relevant offers

Industries

Time to digitise those VHS tapes, the VCR is officially dead Greenpeace wants blanket ban on microbeads Rupert Murdoch to succeed Ailes as head of Fox News Channel Britons and Americans hammering at the door, Immigration NZ figures show Auckland's Spy Bar in receivership but continues trading NZ steel bid 'courageous', says US steel workers' union NZ's 15,000 motor mechanics get ready for the electric vehicle era Chorus to hire 250 extra workers after apologising for performance Don't criticise our commentators, Sky TV demanded in its Olympic media rules Five weeks without phone or internet takes toll on repairman

Farmers Card and Q Card operator Fisher & Paykel Finance has approval from deposit-holders and its banking syndicate to change its corporate structure.

The changes will involve establishing a securitisation programme to fund part of the company's Q card lending through medium-term notes.

The company will also transfer its insurance business to parent company Fisher & Paykel Finance Holdings.

F&P Finance chief financial officer Rhys Clark said the company was "tidying up" its corporate structure to support growth.

The changes would allow individual business units to be more visible, he said.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content