Infratil, the New Zealand stock exchange listed infrastructure investor, has paid down its bank debt and is considering buying back shares and ramping up wind farm investment in Australia after reaping about $400 million from the sale of a 30 percent stake in Z Energy. Infatil has used about half its funds from Z Energy to pay back bank debt …

The Financial Markets Authority has warned the failed Allied Nationwide Finance for probably breaching securities law, but won’t pursue tougher action as it wraps up another four investigations into the collapsed finance sector. The market watchdog won’t take enforcement proceedings against Allied Nationwide, Equitable Mortgages, LDC Finance or Irongate Property, and expects to make announcements on its remaining five cases …

Allied Farmers, which is recovering from its disastrous takeover of the Hanover and United Finance loan books, wants to raise up to $1 million in a bond issue to settle an outstanding tax bill and stave off threatened liquidation proceedings. The Hawera-based company’s Allied Farmers Rural subsidiary will seek at least $500,000 from a bond issue to fund a proposed …