Issuer's description of this product:
The bonds are unsubordinated, secured, fixed rate debt obligations of Summerset Group Holdings Limited
Minimum investment
This is the minimum amount you would need to put into this in order to invest.
Closing date
This is when this offer closes to investors.
Maturity
Rate
Key facts
Provider website
Intending to list
The issuer has indicated that they are intending to list this investment on a public exchange, or that it is already listed. See the listing here:
Issuer's industry
Healthcare/social assistance
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.
This is the credit rating for this particular bond or debt security.
Issuer credit rating
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
Maturity description
This investment offer finishes on the above date.
Rate
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.
Product Disclosure Statement.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.
Summerset - Security Trust Deed - Conformed.pdf
Deed of Supervision dated 19 May 2017.pdf
Other Information.pdf
Indicative Terms Sheet dated 30 May 2017.pdf
Indicative Terms Sheet dated 6 June 2017.pdf
Retail Bond Presentation.pdf
Final Terms Sheet dated 14 June 2017.pdf
Additional details
Issuer details
Name
SUMMERSET GROUP HOLDINGS LIMITED
Type
NZ Limited Company
Industry
Healthcare/social assistance
Website
NZBN
9429035141679
FSP Number
Credit rating
Not provided
Supervisor
Name
THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED
Offer details
Date registered
30 May 2017
Date opened
15 June 2017
Closing date
06 July 2017
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
No
Issuer can withhold, reduce, or delay payment
No
Convertible product
No
Intending to list
Yes
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR11967: OFFER OF FIXED RATE 6 YEAR BONDS ISSUED BY SUMMERSET GROUP HOLDINGS LIMITED
Next steps
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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.
Market listing
The provider has indicated they are intending to list this investment, or that it is already listed, on a public securities market. Here's where to find the market listing:
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. summerset.co.nz