South Canterbury retains customer loyalty

The South Island firm had a retention rate of 63.7% for the year ended June 30, it said in a statement. It plans to post its annual results next month.

"Investor loyalty remains strong despite multiple failures in our sector," the company said. The trading outlook was "strong," with "good deal flow supported by sound liquidity."

South Canterbury Finance's 10.43% December 2012 notes were last quoted at 97.686. The company has a BBB- credit rating.

By Jonathan Underhill

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