WAIRARAPA BUILDING SOCIETY

WAIRARAPA BUILDING SOCIETY
bs.net.nz

Issuer's description of this product:
Offer for unsecured Deposits and Redeemable Shares issued by Wairarapa Building Society (WBS)

Minimum investment

$1.00

This is the minimum amount you would need to put into this in order to invest.

Closing date

Ongoing

This offer does not have a closing date and is a continuous issue. It's likely you'll be able to invest for the foreseeable future.

Maturity

Maturity type

This maturity type is used to classify bonds and other types of securities into broad categories.

Non-fixed

This investment does not have a fixed date of maturity, which can mean flexible or multiple terms are available.

Maturity details

Rate

Non-fixed

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.

Rate details


Key facts

Provider website

Minimum total to be raised

The issuer of this investment has indicated that a minimum of $1.00 must be raised before it is issued.

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.

Investment credit rating

BB+ Stable
(Fitch Ratings)

This is the credit rating for this particular bond or debt security.

Investment credit rating

This rating grades the quality of this investment, and can be a useful tool for gauging the risk of whether you'll get your money back as promised.

Issuer credit rating

BB+ Stable
(Fitch Ratings)

This is the credit rating for the organisation issuing the bond or debt security.

Maturity


Non-fixed

Maturity conditions description

Variable maturities depending on the type and term of the investment

Rate


Non-fixed

Rate calculation description

Interest is calculated on a daily basis on the balance of the investment and is paid on the frequency agreed at the time of making the investment

Additional details


Issuer details

Name

WAIRARAPA BUILDING SOCIETY

Type

Building Society

Industry

Financial/insurance

Website

NZBN

Credit rating

BB+ Stable (Fitch Ratings) on 27 Sep 2016

Supervisor

Name

TRUSTEES EXECUTORS LIMITED

Offer details

Date registered

25 November 2016

Date opened

28 November 2016

Closing date

None

Offer credit rating

BB+ Stable (Fitch Ratings) on 26 November 2025

Continuous issue

Yes

Further payments may be required

No

Restrictions on transfer

Yes

Restrictions on acquisition

No

Convertible product

No

Intending to list

No

Schedule 1 exemption

No

FMA exemption

No

Reference numbers

Offer

OFR11043: WAIRARAPA BUILDING SOCIETY

Next Steps

Want to know more about this investment or how it compares to others? Have a look at its peers.

Compare with other Bonds

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

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Interested in investing in this offer? Visit the provider's website. bs.net.nz