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Fidelity Capital Guaranteed Bond Limited has advised the New Zealand
Stock Exchange that the investment fund increased from $ 76 million at
31 December 2007 to $ 86 million and that all interest due will be paid
by the registrar as scheduled on 15 July 2008.
Click here to see the report in the NZ Herald today.
The
investment fund writes options on United States Government Stock and has
enjoyed very favourable conditions in recent months. Despite continued
interest rate volatility, the fund manager has successfully managed the
risks and increased revenue.
Fidelity Capital Guaranteed Bond limited is a fully owned subsidiary of
Fidelity Life Assurance Company Limited, the largest wholly owned New
Zealand life insurance company.
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