Established 2002
Sell Debenture Stock
The New Zealand Debentures Exchange    
Debenture Stock Market Secondary Markets Bonds & Capital Notes Primary Market Hedge Funds and Commodities Managed Funds PIE Funds Securitised Property Market Foreign Currency Securities New Issues Download or Order Investment Statements How to
Invest
  Home Rules Buy Sell Payment Contact Links  
Sell Debenture Stock

Primary Market

Issuers of debenture stock registered in New Zealand may sell debenture stock on the New Zealand Debentures Stock Market.

Issuers of debenture stock, registered in New Zealand and subject to a prospectus duly approved by the New Zealand Companies Office and complying with all issuer requirements, may apply for listing of that debenture stock on the Primary Market of the New Zealand Debentures Exchange, free of charge, by sending a copy of their current prospectus and two copies of the relevant investment statement, including interest rates card, to:

New Zealand Debentures Exchange
P O Box 101662
North Shore Mail Centre
North Shore City 0745


Secondary Market Debentures Trading

Holders of New Zealand registered debenture stock may offer their securities for sale on the Secondary Market of the New Zealand Debentures Exchange, PROVIDED THAT the stock so offered is eligible for transfer by the debenture registrar as is usually set out in the relevant investment statement under the standard format heading "how do I cash in my investment". All conditons of transfer listed in the relevant investment statement must be complied with.

There is no charge to list a stock for sale on the Secondary Debenture Market.

Brokerage on transactions conducted through the Secondary Market of the New Zealand Debentures Exchange will generally incur brokerage at the following rates, subject to a minimum brokerage of $30.00:

$0 to $30,000   3.0%
$30,001 - $50,000   2.5%
$50,001 - $100,000   2.0%
$100,001 and above   1.5%

All brokerage will be payable by the seller and will be deducted from received funds before payment is made to the seller. However, some issuers specify brokerage applying to transactions and re-registration of their own issues and in these cases the issuer's own brokerage policy may apply.

An offer to sell may be placed in response to an existing bid or as a new offer. This information is to be included in the 'description' field below.

To place an offer to sell on the Secondary Market of the New Zealand Debentures Exchange, please complete the following form and hit 'Submit'

Family Name First Name Country email address Telephone Facsimile Address Name in which Security is Registered Description of Security Offered Amount Offered ($) Offer ($/$100)
NOTE: You will be contacted to confirm this information before listing is approved.



Statement of Disclosure

The New Zealand Debentures Exchange is not a registered stock exchange or securities exchange in terms of the New Zealand Securities Markets Act 1988, and is therefore not regulated as a securities exchange under New Zealand law.

Conditions of use of this website

Use of this website denotes agreement to the following conditions:

Disclaimer

The New Zealand Debentures Exchange is owned and managed by Canopus Investments Limited, a privately owned New Zealand financial services company. To the maximum extent permitted by law, neither the owners, managers, employees nor associates of the New Zealand Debentures Exchange accept any liability whatsoever for transactions initiated through this website. Neither the owners, managers, employees nor associates of the New Zealand Debentures Exchange guarantee the performance of any party to any contract established through this website.

Information provided on this website does not constitute a recommendation or advice to purchase any investment or service listed or mentioned on this website. Information displayed on this website is not intended as specific investment advice and should not be relied on for making investment decisions. Investments mentioned on this website may not be appropriate for individual investment objectives or individual financial circumstances. Investors requiring specific investment advice should consult Canopus Investments Limited. A Financial Adviser Disclosure Statement is available on request, free of charge.

Information provided on this website is compiled from information believed to be accurate at the time of publication but no guarantee as to the accuracy of information displayed on this website is given, intended or implied.

Neither the New Zealand Debentures Exchange, nor its owners, directors, officers and associates, guarantee the expected return or any other return from investments mentioned on this website.

Information provided on this website is not intended to create, nor does it create, any legal obligation, responsibility or contract between the owners, managers, employees or associates of the New Zealand Debentures Exchange and any other party.

Acceptance of offers

Information provided on this website does not constitute an offer of primary issue securities as such offer is only made on receipt of a completed application form. Application for primary issue securities will only be accepted when made on the application form accompanying the formal offer document.

Application to purchase securities listed on Debex secondary markets will only be accepted when made in accordance with the Secondary Market Trading Rules.

Restrictive Jurisdictions

No investment, product or service referred to on this website is, or will be, knowingly offered to any person or entity residing in, or subject to, a restrictive jurisdiction where the offer of such investments would be unlawful. Any person or entity requesting information about, or making application for, any investment, product or service referred to on this website, will be deemed to have declared that the person or entity making the request or application is free to receive such offers and is not subject to any restrictive jurisdiction where such action would be considered unlawful.

Copyright

Information published on this website is provided on a non-prejudicial basis only. It may not be used for other than the purpose for which it is intended, that is, the obtaining of financial services information. International copyright to the material on this website is held by Canopus Investments Limited. Unless specifically authorised by Canopus Investments Limited in writing, all copying, forwarding or alternative use of information obtained from this website, in any manner whatsoever, by any individual, entity, corporate, state or representative of such entities, is prohibited and may be deemed to constitute breach of copyright.


Privacy Policy

 

Investment Advice
Discount Investment Brokers
Company Formations
NZ Trade Marks
Canopus Investments Ltd.



Receive our free investment newsletter

Learn to dance Argentine Tango,
the loveliest
dance of all