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[sharechat] PPCS bond issue

From:	"Nigel" <Nigel@country-wide.co.nz>
Date:	Thu, 8 Apr 2004 12:54:05 +1200

Title: PPCS bond issue

Hi - has anybody got an opinion on today's issue of bonds by PPCS: three year bonds paying 9.75% "ranking immediately behind a security interest in favour of senior lenders and certain other prior ranking security interests permitted by the Trust Deed.'

Will thier recent past history, and comments by High Court judge about honesty of chief executive, affect the up-take? Or at 9.75% will it be enough to outweigh this as a factor?

Nigel Stirling

Editor - NZ Farmers' Weekly

(06) 323 2516, (027) 4 746 007
PO Box 529
Feilding

www.country-wide.co.nz

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