Allied receivers look to sell performing loans

The receivers for Allied Nationwide Finance are seeking to sell the company's performing loans.

They are also seeking expressions of interest for performing receivables in Spiers Securities, which include business-related finance leases, consumer finance and conditional purchase agreements and other loan receivables, principally secured by motor vehicles and other chattels.

The Allied Nationwide Finance and Spiers Securities portfolios can be purchased jointly or separately, but each must be bought as a whole.

The company was a unit of Allied Farmers, whose shares closed down 0.1c at 1.3c yesterday.

- NZPA