How to invest
To buy debenture stock listed on the New Zealand Debentures Exchange, just follow the simple guidlelines below.
Primary Debenture Stock Market and other Debex Primary Markets
The Debenture Stock Primary Market lists current issues of first ranking secured debenture stock from approved issuers. Purchase from the Primary Market is the most popular method of investment in secured debenture stock.
Applications for listed debenture stock can only be accepted on the application form which accompanies the investment statement for each issue.
Investors may select a debenture stock that offers the term and interest rate they require from the Debenture Stock Primary Market (note Red Table specials) and order the investment statement with application form attached by contacting Debex, the New Zealand Debentures Exchange using the form provided here, or by email to info@debentures.co.nz
Alternatively investment statements may be ordered by contacting Canopus Investments Limited by telephone on +649 444 8056 or by fax to +649 444 8059.
Follow the same procedure for purchasing from the other Debex Primary Markets: Managed Funds, Capital Notes & Bonds Primary, Foreign Currency Securities, Property Securities Primary Market.
A number of investment statements and application forms may be downloaded from here.
Return your completed application form, together with your investment cheque, made payable to the issuer, to:
Canopus Investments Limited
PO Box 101 662
North Shore Mail Centre
Auckland
New Zealand
Investments may also be made by online transfer or telegraphic transfer, in which case Debex can provide finance company bank account numbers on request.
Investor identification
Please be sure to observe the investor identification requirements printed on the Investment Statement. If using a cheque drawn on an account held in the investor's own name to make an initial investment, the investor is not required to provide further proof of identity, but if using a third party or bank cheque to make an initial investment with any finance company, proof of identification is required such as a copy of a current passport or two other forms of identification such as both sides of a current driver's licence, credit card or valid identity card.
Secondary Debenture Stock Market
The secondary debenture market operates in similar fashion to the normal stock exchange, but in this case enabling holders of debenture stock to seek a buyer for the stock they wish to sell prior to maturity, while buyers may benefit from finding an investment offering a higher rate of interest over a shorter time period than is available on the primary market.
Check availability of debenture stock on the Secondary Debenture Stock Market.
To purchase debenture stock on the Secondary Debenture Market of the New Zealand Debentures Exchange, a bid must be placed on the trading board. Where more than one bid is received for a listed debenture, only the highest priority bid will be displayed.
To place your bid for a debenture already listed on the Secondary Market, or to make an open bid (a request) for a security not yet listed, please complete the following information and hit 'submit' below.
NOTE: You will be contacted to confirm this information before listing is approved.
New and Current Issues - Managed Funds and Trusts
Nil entry fee on Man OM-IP and Liontamer funds for applications made through Canopus Investments Limited. Nil or heavily discounted entry fees on other funds.
South Canterbury Finance Secured Debenture Stock
• 8.00% p.a. interest rate
• NZ Government Retail Deposit Guarantee Scheme applies for full term
• Maturity date 11 October 2010
• Minimum deposit $100
• Nil application fee on applications lodged through Canopus Investments Limited
• To download Investment Statement and Application Form click here. or contact Canopus Investments info@canopus.co.nz for an investment statement or telephone (09) 444 8055.
Man Eclipse 2010
Access to the latest Man Investments managed futures fund.
For a copy of the Prospectus and application form click here.
Elevation Capital Value International Equities Fund
New Zealand domiciled PIE registered unit trust managed by Elevation Capital Ltd., established by Chris Swasbrook, former partner of Goldman Sachs JBWere PTY Ltd. The fund invests primarily in listed international equities with a maximum of 10% assets in unlisted equities. The trust is "long only", i.e. it does not invest in short positions or derivatives nor does it utilise leverage. A single currency exposure equal to or greater than 10% of total assets may be currency hedged back to New Zealand dollars. Hence the Elevation Capital Value Fund offers a pure international equities investment for New Zealand investors with PIE regime tax advantages.
Key features of the issue:
- Nil Entry fee on applications made through Canopus Investments Limited.
- Target return of NZCPI +5% p.a.
- Minimum investment of just $2500 on investments made through Canopus Investments Limited (normal minimum $5000).
- Open to New Zealand and Australian investors (see Investment Statement for taxation rules applying in Australia).
- PIE regime tax advantages available for New Zealand investors.
- Security of funds being invested in name of trustee.
- Uncommitted cash held in New Zealand dollars.
- Open ended trust - no closing date.
- Ongoing liquidity. Investors can invest for any period although units are only redeemable on a Valuation Day. See Investment Statement for details.
- Units may be sold or transferred to a third party.
For a copy of the Investment Statement and Application Form click here, or contact Canopus info@canopus.co.nz , or telephone 09 444 8055.
Man AHL Gold
Access to the Man AHL Diversified trading program plus a gold investment.
For a copy of the Prospectus and application form click here.
Man AHL Alpha
Direct access to the Man AHL Alpha trading program.
For a copy of the Prospectus and application form click here.
Man AHL Diversified Limited
Direct access to the AHL Diversified Program, underlying trading program of the Man OM-IP series of hedge funds.
For a copy of the Prospectus click here.
Sirius Commodities Portfolio Fund
A unit trust managed by NZ Futures and Options Exchange member Commodity Strategies Limited, the Sirius Commodities Portfolio Fund invests directly in one of the Manager's Australian funds, the Global Commodity Fund, operating since April 2003. The trading strategy is based on a fully automated trading model using commodity futures and swap contracts to keep the commodity exposure at 5% of the face value of the contract. This will enable about 95% of the portfolio to be invested in fixed interest.
Key points of the issue:
- Portfolio may include metals, energy commodities and agricultural commodities.
- Minimum investment NZ$1000 with NZ$500 top up amounts or regular minimum monthly subscriptions of NZ$100.
- Entry fee discounted from 3% to 1% for applications made through Canopus Investments Limited.
- Intends to be registered as PIE Fund.
- Open ended fund - no set closing date.
- Withdrawals available on monthly basis, subject to monthly unit valuation.
- For a copy of the investment statement contact Canopus info@canopus.co.nz , telephone 09 444 8055 or download from here.
Secondary Market Issues
Albany City Property Investments Limited Secured Bonds
Secured bonds issued to assist the Company and subsidiaries fund the acquisition of subleasehold interests in 12.8467 hectares of developable land in the Albany City precinct. The Albany land includes sites zoned for uses including low rise commercial buildings, hotel, bulk retail centre, higher rise commercial office and mixed use buildings.
Key features;
- Maturity date 15 December, 2009. Company retains right to extend to 15 Dec 2011 subject to conditions set out in the investment statement.
- Minimum investment $5000.
- 10.50% p.a. interest to 15 December, 2009.
- Higher of 10.75% p.a. interest or 4% over 2 year Gov. stock rate if term extended to 15 December, 2011.
- First interest payment 31 March, 2007, quarterly thereafter.
- Bonds secured by mortgages and other securities, rank in priority and right of repayment behind the Group's bank and other senior lenders, ahead of unsecured creditors.
- Borrowing ratio 64% of Company assets following acquisition of subleasehold interests in Albany land. Ratio extendable to 75% subject to conditions.
- Building program now commenced.
- Major ASX-listed property company Valad now holds 50% of Albany City Property Investments Limited.
- Listed on the Debex Property Secondary Market
Contact Debex info@debentures.co.nz if you would like to enter a bid for all or part of this offer.
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