The issuer of this investment has indicated that a minimum of $6,000,000 must be raised before it is issued.
There are some aspects of this fund which may require extra consideration before deciding to invest.
Convertible financial product
This is an investment that may become changeable, or change, into another kind of investment. Convertibles are usually bonds or preferred shares that can be converted into common stock. They may offer protection against heavy losses, but also typically give up some increases in value.
Ordinary shares in Shopping Centre Investments Limited.
Issuer can withhold payment
In this case, the provider of this investment may not pay investors back straight away. This is important to know and acknowledge as you research investments.
Issuer's description of this product:
Offer of unsecured subordinated mandatory convertible notes by Shopping Centre Investments Limited
Minimum investment
$50,000
This is the minimum amount you would need to put into this in order to invest.
Closing date
28 Aug 2017
This is when this offer closes to investors.
Maturity
Rate
Key facts
Minimum total to be raised
Issuer's industry
Other
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.
Not provided
This is the credit rating for this particular bond or debt security.
Issuer credit rating
Not provided
This is the credit rating for the organisation issuing the bond or debt security.
Maturity
4 years
Maturity description
This investment offer finishes after the above time period.
Rate
6.75%
Rate description
percent per annum, payable quarterly
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.
Prospective Financial Statements 2018 and 2019.pdf
s60 letter from Nexia New Zealand.pdf
ASB loan documents.pdf
Valuation summary.pdf
Engineering summary with s60.pdf
Summary of Farmers and PaknSave leases.pdf
Total Estimated Costs of the Offer and Issue.pdf
Additional details
Issuer details
Name
SHOPPING CENTRE INVESTMENTS LIMITED
Type
NZ Limited Company
Industry
Other
NZBN
9429036839827
Credit rating
Not provided
Supervisor
Name
COVENANT TRUSTEE SERVICES LIMITED
Offer details
Date registered
25 July 2017
Date opened
25 July 2017
Closing date
28 August 2017
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
No
Issuer can withhold, reduce, or delay payment
Yes
Convertible product
Yes: Ordinary shares in Shopping Centre Investments Limited.
Intending to list
No
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR11982: SHOPPING CENTRE INVESTMENTS 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.