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AGRI Fund offer extended, Liontamer tames Tiger. Comment: Lending getting harder for finance companies.

Monday, August 13th 2007, 6:57AM
The AGRI Private Capital Fund IPO has fallen well short of its $16 million minimum and has given itself another six weeks to raise the balance.

To date, the AGRI Fund has received applications for 5.6 million shares of the 16 million required for the AGRI Fund to proceed, predominantly from small shareholders.

The intention of the offer extension is to give more time for institutions to complete due diligence processes, already underway.

"Private equity in agriculture is a relatively new investment product, and therefore the key potential cornerstone shareholders we are currently in discussions with require more time to conduct due diligence. We are confident that, by giving these institutions more time, we will reach the minimum subscription," chairman Peter Jackson says.

Liontamer tames Tiger
One of the features of the capital protected funds offered by Liontamer is that they can mature earlier than planned if they have performed very well.

The company said last week that it was maturing its first Asian fund, TIGER 1, early as it had gained 50% in two years.

It is offering investors a replacement fund, TIGER 3 which tracks an index which has a 25% weighting to each of China and India, and 12.5% in each of Taiwan, South Korea, Japan and Singapore.

Liontamer's new Water Fund is featured in our new Special Report. Also dates for its advisers roadshow are in the Diary

COMMENT: Lending gets harder for fin coys
Much of the comment and discussion around rising interest rates has centred on lending and whether the increases will slow the housing market down.

What's been over-looked a little is the impact on investors, particularly those in the finance company sector.[READ ON]

« Weekly Wrap: Credit crunch continuesSovereign takes regulation bull by the horns »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.29 2.59 2.65
ANZ 4.44 2.89 3.25 3.39
ANZ Special - 2.29 2.69 2.79
ASB Bank 4.45 2.29 2.59 2.65
Basecorp Finance 5.49 - - -
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.29 2.59 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 2.89 3.19 3.39
BNZ - TotalMoney 4.55 - - -
Lender Flt 1yr 2yr 3yr
CFML Loans 4.95 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 2.50 1.99 2.35 2.45
Heretaunga Building Society 4.99 ▼3.40 ▲3.50 -
HSBC Premier 4.49 2.25 2.35 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - ▲2.25 - -
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 2.67 2.97 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.20 3.50 3.50
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.35 2.65 2.65
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
Lender Flt 1yr 2yr 3yr
SBS Bank 4.54 2.79 2.79 3.15
SBS Bank Special - 2.29 2.29 2.65
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 2.29 2.59 2.79
The Co-operative Bank - Standard 4.40 2.79 3.09 3.29
TSB Bank 5.34 3.09 3.29 3.45
TSB Special 4.54 2.29 2.49 2.65
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.09 3.29 3.39
Westpac - Offset 4.59 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 2.29 2.69 2.79
Median 4.55 2.73 2.99 2.80

Last updated: 7 April 2021 10:22am

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