The product also features a guarantee of interest on the first eight coupon payments, strong and diversified exposure, a secondary market sell-back option, plus the impeccable track-record of the investment managers involved.
"We are very pleased to be able to offer a product that provides a combination of high security, high performance and flexibility. The offer has already received strong interest from a broad range of the New Zealand investing public, and we believe will be a sensible part of any diversified investment portfolio," Savings & Loans Director Don Cowie says,
Fellow director Maurizio Piglia, who has had a professional funds management and treasury operations career in Italy and Switzerland over the last 15 years, was instrumental in the development of Kauri Notes.
Piglia says Savings and Loans has developed a product that combines all the features which we believe are appropriate for this investment market.
"As a result, Kauri Notes is an attractive, flexible, competitive, and stable product that is well suited to all market conditions."
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