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.

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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

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