Issuer's description of this product:
First Ranking Debt Instruments (debt securities)
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the forseeable future.
Maturity
This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.
Rate
This investment offer does not have a single set rate. This may mean that the rate is variable or that there are multiple rates available.
Key facts
Provider website
Issuer's industry
Financial/insurance
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
(Other)
This is the credit rating for this particular bond or debt security.
Issuer credit rating
(Other)
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Maturity conditions description
MCF offers terms of 12, 18, 24, 36, 48 and 60 months. But you may request a different term. MCF's approval is required to the term of each investment.
Rate
Rate calculation description
Interest rates are set by MCF at its discretion after considering prevailing market conditions, cost of funds and average lending rates. Interest rates are fixed for the term of your investment except on-call account interest rates can be altered. MCF's current interest rates are available by telephoning MCF on 03 943 7447 or on MCF's website www.Mcf.Co.Nz
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Mutual Credit Finance - PDS Debt Securities - 3 September 2024.pdf
How this investment works, including about the provider, risks, costs and potential returns
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
ASB Committed Cash Advance Facility Agreement.pdf
ASB General Security Agreement.pdf
ASB Deed of Priority.pdf
ASB Annual Review Confirmation Letter 2015.pdf
MCF - Risks for PDS - 24 January 2019.pdf
MCF - Ranking and Selected Financial Information - 24 January 2019.pdf
MCF -Ranking Diagram and Selected Financial Information - July 2019.pdf
MCF Risks for PDS - 13 December 2019.pdf
MCF - Ranking Diagram and Selected Financial Information 25 June 2020.pdf
MCF- Risks for PDS 25 June 2020.pdf
MCF - Risks for PDS 30 September 2020.pdf
MCF- Ranking Diagram and Selected Financial Information 30 September 2020.pdf
MCF_-_Risks_for_PDS_Register_Entry_-_May_2021.pdf
MCF_-_Ranking_Diagram_and_Selected_Financial_Information_-_May_2021.pdf
MCF - Risks for PDS Register Entry - December 2021.pdf
MCF - Ranking Diagram and Selected Financial Information - December 2021.pdf
MCF - Ranking Diagram and Selected Financial Information - June 2022.pdf
MCF - Risks for PDS Register Entry - July 2022.pdf
MCF - Ranking Diagram and Selected Financial Information - July 2022.pdf
MCF - Ranking Diagram and Selected Financial Information - July 2023.pdf
MCF - Ranking Diagram and Selected Financial Information - 30 August 2023.pdf
MCF - Risks for PDS Register Entry - 30 August 2023.pdf
MCF - Risks for PDS Register Entry - 3 September 2024.pdf
MCF - Ranking Diagram and Selected Financial Information - 3 September 2024.pdf
Additional details
Issuer details
Name
MUTUAL CREDIT FINANCE LIMITED
Type
NZ Limited Company
Industry
Financial/insurance
Website
NZBN
9429031969055
FSP Number
Credit rating
B with a Stable outlook (Other) on 21 July 2023
Supervisor
Name
TRUSTEES EXECUTORS LIMITED
Offer details
Date registered
22 September 2016
Date opened
29 September 2016
Closing date
None
Offer credit rating
B+, Stable (Other) on 13 December 2024
Continuous issue
Yes
Further payments may be required
No
Restrictions on transfer
No
Issuer can withhold, reduce, or delay payment
No
Convertible product
No
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR10905: OFFER OF FIRST RANKING DEBT INSTRUMENTS IN MUTUAL CREDIT FINANCE LIMITED
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. mcf.co.nz