- Deutsche Bank will convert A$600 million in convertible securities and stapled securities in National Australia Bank into ordinary shares next month. Deutsche first invested in the hybrids in September 2008 and rolled over the investment several times.
- Westpac has extended by two years a technology services contract held by Gen-i, a division of Telecom New Zealand. The contract is worth around NZ$50 million. Gen-i has provided similar services to Westpac for seven years.
- The Federal Government will host a roundtable in Brisbane next month to discuss the difficulties farmers are having in securing finance.
