PGG Wrightson Finance Deposit Guarantee
12 November 2008
PGG Wrightson Finance approved for New Zealand Deposit Guarantee Scheme
PGG Wrightson Finance Limited has a guarantee under the New Zealand deposit guarantee scheme. The guarantee was granted on Tuesday, 11 November 2008.
All debt securities offered to retail investors by PGG Wrightson Finance will be subject to the terms of the New Zealand Deposit Guarantee Scheme.
Mark Darrow, Director Financial Services, said: “While we are very happy with the performance of the company and the health of its balance sheet, we do recognise that this guarantee will provide added comfort and assurance for our investors given the uncertainty in global financial markets.”
Further information is available on Treasury’s website, www.treasury.govt.nz:
PGG Wrightson Finance
PGG Wrightson Finance Limited is a wholly-owned subsidiary of PGG Wrightson Limited. It is a specialty lender to the farming sector, with a primary focus on the dairying, arable, and sheep and beef sectors. Its finance services include seasonal finance, term loans, livestock finance, grain finance, farm input finance and equipment finance. The company also offers on-call and secured deposit investments to the public.