Investment Details
Princes Wharf Hotel Bonds Investment Statement - February 2005
The offer closed on 28 Feb 2005.
Key Investment Features
- The Bonds are a fixed interest debt security.
- This investment pays an interest rate of 11.34% per annum for a term of 2 years from the renewal date, 28 February 2008.
- The Bonds were issued at $5,000 each. The minimum investment was one Bond.
- Distributions are made to investors quarterly on 31 January, 30 April, 31 July and 31 October each year.
- The Bonds assisted the Issuer, Direct Property Investments (No.6) Limited, in funding the acquisition of the property comprising the Hilton Hotel Building on Princes Wharf in Auckland.