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ANZ NZ says it was cold called by more than 10 overseas hedge funds about its rural loan portfolio within 6 months, 3 of 4 other major rural lenders say they haven't been approached

Rural News
ANZ NZ says it was cold called by more than 10 overseas hedge funds about its rural loan portfolio within 6 months, 3 of 4 other major rural lenders say they haven't been approached

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4 Comments

they dont say how far under par the offers were.

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Sounds like bluff, to try and keep the Reserve Bank from introducing increased capital requirements.

What a cheak from Jonkey the chairman, who aid and abated the dairy growth in the first place.

We closed off all ANZ accounts, and withdrew deposits a couple of weeks ago, and I encourage others also to do this.

PR game run by bullies.

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Hope you got a better deal. That’s what it’s about. Banks are suppliers, too many farmers thought they were friends.

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Hedge funds are not groups to obtain access to NZ rural credit. .

Some not so recent National/ANZ work.
https://www.newsroom.co.nz/2019/07/12/678226/the-taranaki-farmers-who-t…

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