PGG Wrightson Finance lifts guaranteed bond offer to NZ$100 mln

PGG Wrightson Finance has increased the size of its government guaranteed bond offer to NZ$100 million from NZ$75 million after strong demand for the bond maturing on October 8 2010 and offering a minimum 8.25%. "There has been a strong expression of confidence in the Company, which is very gratifying at a time when many other finance businesses are struggling," said PGG Wrightson Head of Finance Mark Darrow. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.