tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, March 29th, 10:40AM

Investments

rss
Latest Headlines

St Laurence offers capital notes

St Laurence has launched a $10 million capital notes offer to fund its growing lending, funds management and asset management business activities.

Wednesday, November 1st 2006, 9:55PM
St Laurence may accept over-subscriptions of up to a further $10 million. The capital notes are fixed interest unsecured debt securities providing annual returns of 10%, 10.25% and 10.5%, for terms of three, four and five years respectively.

"This capital raising is part of St Laurence’s ongoing strategy to maintain and expand our position as one of New Zealand’s highest quality property investment and finance groups," St Laurence managing director Kevin Podmore says.

The offer will provide St Laurence with access to longer-term funds and further liquidity to enable continued growth in a controlled manner, he says.

Podmore says the company is currently seeing greater opportunities within the sectors St Laurence is involved in.

The minimum investment is $5,000, and then in multiples of $1,000.

« Instant Finance keeps its B3More finance company ratings »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 5.25  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com