3 Oct 2008

Fisher and Paykel secures bank funding

9:16 pm on 3 October 2008

Fisher & Paykel Appliances says its finance arm has secured $335 million of new funding facilities from a syndicate of banks.

Chief executive John Bongard says it is a vote of confidence from the banking sector.

Mr Bongard says reinvestment rates from retail investors averaged 65% over the last three months and 70% in September.