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INVESTMENT RATES
| Term |
Secured
Deposits |
Unsecured
Notes |
| 5 years |
11.00% p.a. |
- |
| 4 years |
11.00% p.a. |
12.50% p.a. |
| 3 years |
11.00% p.a. |
12.00% p.a. |
| 2 years |
10.85% p.a. |
12.00% p.a. |
| 18 months |
9.95% p.a. |
- |
| 15 Months |
10.05% p.a.
(May special) |
- |
| 12 months |
9.25% p.a
| - |
| 9 months |
7.75% p.a. |
- |
Rates Last updated: May 2010
Effective 12 October 2008, the New Zealand Government announced a retail deposit guarantee. Asset Finance applied and was duly accepted into the Crown Guarantee Scheme in November 2008.
Asset Finance requested withdrawal from the Crown Guarantee Scheme prior to the expiry of the guarantee period, with effect from 6 November 2009. Because the Company (along with most non-bank deposit takers) is unlikely to achieve the minimum credit rating required to continue in the scheme as it is proposed to be extended, the Company believes that it is essential for the future of its business that it develops and secures alternative sources of funding that extend beyond the term of the current guarantee period as soon as possible. Asset Finance believes that continuing in the existing scheme actually inhibits its ability to develop alternative funding sources due to the premium required to be paid to cover the cost of fees for the scheme – a premium that could be offered to investors instead.
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Click here to calculate the returns on your investment. |
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SUMMARY OF THE OFFER
Asset Finance Limited is offering an opportunity to invest in a maximum of:
- NZ$40,000,000 of Secured First-Ranking Debenture Stock (“Secured Deposits”); and
- NZ$6,000,000 of Unsecured, Subordinated Convertible Capital Notes (“Unsecured Notes”).
Funds received will be pooled together and used to support and grow the Company’s loan portfolio.
More Information
For more information, including hard copies of the Prospectus and Investment Statement or if you have any questions, please feel free to contact us.
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