There are some aspects of this fund which may require extra consideration before deciding to invest.
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:
The Bonds are unsecured subordinated debt obligations of WEL
Minimum investment
$5,000
This is the minimum amount you would need to put into this in order to invest.
Closing date
27 Jul 2018
This is when this offer closes to investors.
The details
Key facts
Provider website
Intending to list
Yes
Issuer's industry
Electricity/gas/water/waste
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
Not providedIssuer credit rating
Not providedMaturity
Fixed Date
Rate
Fixed
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 v 1.pdf
How this investment works, including about the provider, risks, costs and potential returns
PDF, 4.59 MB
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Other Information v 1.pdf
Other Information
PDF, 8.84 KB
WEL Energy Trust Deed v 1.pdf
WEL Energy Trust Deed
PDF, 689.02 KB
Ultrafast Fibre Constitution v 1.pdf
Ultrafast Fibre Constitution
PDF, 497.76 KB
Roadshow Presentation v 1.pdf
Roadshow Presentation
PDF, 3.24 MB
Additional details
Issuer details
Name
WEL NETWORKS LIMITED
Type
NZ Limited Company
Industry
Electricity/gas/water/waste
Website
NZBN
9429039416926
Credit rating
Not provided
Supervisor
Name
THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED
Offer details
Date registered
29 June 2018
Date opened
10 July 2018
Closing date
27 July 2018
Offer credit rating
N/A
Continuous issue
No
Further payments may be required
No
Restrictions on transfer
Yes
Restrictions on acquisition
No
Convertible product
No
Intending to list
Yes : nzx.com
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR12441: OFFER OF UNSECURED SUBORDINATED BONDS BY WEL NETWORKS LIMITED