Have I gort this right.
The USD$100m is now USD$115m
Its going to be repaid by a new NZ$75 facility which hasn't been agreed yet.
A further NZ$40 - $75m will hopefully come from selected investors.
They will be selling dairy farms. (into a market where values seem depressed and there are loads of water resource consent issues that aren't resolved and not looking great).
Property loans are being wound down. At a time when there appears to be a more positive view of property.
And $46m is held in trust but some investors are choosing to withdraw their money.