Yes better than a term deposit so as you say I'm ok with that as well. My guess is that eventually they will just exchange them out for shares but who knows.
Quote Originally Posted by Grimy View Post
The interest rate (if not converted to shares-which I don't know if the RB would allow either) will be around 4%.
I can live with that as long as they keep paying, and the situation is to be monitored and revisited by the RB.
My Kiwibank KCFHA are similarly affected, their rate will be about 4.25%.