Investment Details
St Laurence Property & Finance Limited Investment Statement - Bond Offer (Series 1 & 2) - July 2005
The offer closed on 01 Jul 2005.
Key Investment Features
- A choice of fixed interest rate of 9.25% p.a. or floating interest rate (reset quarterly) at a margin of 2.25% p.a. over the 90 bank bill rate (currently 10.265% p.a.), payable quarterly.
- The allotment date was 24 June 2005.
- Term of 5 years with a maturity date of 15 July 2010.
- Minimum holding is 1,000 Bonds and able to be transferred in multiples of $1,000.
- The Bonds are secured on a first ranking basis in respect of assets, subject to permitted prior charges. The Bonds will rank along side and equal to SLPF's existing Debenture Stock.
- Trading St Laurence Property & Finance Bonds - The Secured Bonds are tradable through NZDX. Details are available through St Laurence on 0800 499 321. Alternatively the following links will take you directly to the current fixed rate Bond price and floating rate Bond price on the New Zealand Exchange Limited (NZX).
- Series 1 - Fixed Rate NZX
- Series 2 - Floating Rate NZX