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Term Sheet

26/10/2021 11:53a.m.
NZ/AU Markets   
Exchange Traded Funds   
NZ Fixed interest   
New Issues
Cash Management Trust Account
Issuer Summerset Group Holdings Limited
Business of the Issuer Summerset is one of the leading operators and developers of retirement villages in New Zealand.
Instrument Guaranteed, Secured, Unsubordinated Fixed Rate Bonds
NZDX Code SUM020
Ranking Guaranteed, Secured, Unsubordinated Fixed Rate Bonds
Issue Size $125m
Maturity Date 24 September 2025
Coupon Rate 4.20%
Credit Rating Not Rated
Maturity Mechanism Cash on maturity
Payment Frequency Quarterly
Coupon Payments Quarterly on 24 March, 24 June, 24 September, and 24 December until maturity.
Minimum Holding 5,000
Minimum Parcel Size 1,000
Registry Link

Jarden Securities Limited (“us”, “we” or “our”) owns and operates the Direct Broking platform and service. We have compiled this fixed interest term sheet (“Term Sheet”) for your information purposes only. We have provided this Term Sheet to you in good faith and have prepared it using our own views, external sources, material, systems and other information that we believe to be accurate, complete and reliable at the time of preparation, but the accuracy, correctness and completeness cannot be guaranteed. We make no representation or warranty, express or implied, as to the accuracy, correctness or completeness of the information contained within this Term Sheet, and nothing shall be deemed to constitute any representation or warranty. To the fullest extent permitted by law, we shall not be liable or responsible for any error or omission.

This Term Sheet is not to be relied upon as a basis for making any investment decision. This Term Sheet does not take into account your particular financial situation or goals, and does not, therefore, constitute personalised financial advice under the Financial Advisers Act 2008, nor does it constitute advice of a legal, tax, accounting or other nature. Please consult your adviser in relation to any investment decision. To the fullest extent permitted by law, we shall not be liable for any decision made or action taken by you or a third party based on, or in reliance on, any information contained in this Commentary.

We and our related and associated companies, directors, employees may have an interest in the bonds mentioned in this Term Sheet, including but not limited to financial. We are an NZX Firm. A disclosure statement is available on request.

Read full disclaimer https://www.jarden.co.nz/disclaimer/