• Contact
  • Feedback
Banking Day
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Keybridge draws down the shutters

17 October 2008 5:09PM
Keybridge Capital will limit, and may cease looking for, new investments and after paying down debt will look to return capital to investors.Keybridge invests in and provides loans to assets including property, aviation, shipping and infrastructure, with the quarterly update also released yesterday stating the company currently had 32 investments, with an average investment size of $13 million.The firm said that while it had the support of its four bank funders and secure credit lines to June 2011, the discount in the share price (of 28 cents) to net assets (of $1.52 per share) was unsatisfactory. Irene Lee, chair of the firm's board, said in remarks prepared for the firm's AGM that a return of capital would be "optimal … but is not practically available" due to the debt profile.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use