Insured Group offering only part payment to St. George Bank as prospectus pulled again

Insured Group offering only part payment to St. George Bank as prospectus pulled again
By Jonathan Underhill Aug. 10 (BusinessDesk) - Insured Group, the Australian insurer which used Lombard Group for a backdoor listing on the NZX, has pulled its prospectus for ASX listing for the second time this year after announcing it will only make a part payment on A$3 million due to St. George Bank on Sept. 30. The company “remains in discussions” with the lender, on the expectation St George will extend terms, Perthy-based Insured Group said in a statement today. It was intending to raise A$2.25 million in Australia, which it had hope...