24/06/2017 12:00 a.m.
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Summerset Fixed Rate Bond Offer
Summerset Group Holdings Limited
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Summerset Group Holdings Limited (Summerset) has announced an offer of up to $75 million, with the ability to accept up to $25 million in oversubscriptions, of six year, fixed rate bonds maturing on 11 July 2023 (the Bonds) to New Zealand institutional and retail investors (the Offer). The Bonds will be unsubordinated obligations of Summerset, and will have the benefit of a guarantee and security package provided by the Summerset group.
Please refer to the offer Terms Sheet and the Product Disclosure Statement (PDS)(including the Application Form) in the Offer Document section above.
KEY DATES (Indicative only and subject to change by Summerset)
12.00pm,Wednesday 14 June 2017
Rate Set Date
Wednesday 14 June 2017
Thursday 15 June 2017
5.00pm, Thursday 6 July 2017
Tuesday 11 July 2017
Wednesday 12 July 2017
Tuesday 11 July 2023
Request a Firm Allocation.
If you wish to invest in the Offer you must ring us on 0800 800 372 to request a Firm Allocation.
We do not accept Firm Allocation requests over our website.
After the bookbuild, we will be able to advise you if a Firm Allocation is available to you. If so, you must provide us with a properly completed Application Form before the Closing Date. If you are having difficulty obtaining the Indicative Terms Sheet and PDS, please contact us and we will endeavour to assist you.
Please note: a Firm Allocation is treated by us as the equivalent of a binding Buy Order (subject to allocation scaling).
To invest in this offer through us you must obtain a Firm Allocation from us.
When we participate in the book build process, we will attempt to obtain an allocation that provides sufficient supply of Bonds to satisfy the aggregate of our customers’ demand for the Offer.
After receiving our allocation (which may be less than what we have requested in the book build process) we will give priority to clients who have requested a Firm Allocation from us before we participated in the book build process.
Once we have received our allocation, we adopt a first come first served distribution methodology when distributing and confirming Firm Allocation requests.
You can still request Firm Allocations at any time until the Offer closes, but they will be subject to availability.
If you have any questions, please contact us on 0800 800 372.
DISCLOSURES AND STATEMENTS
ANZ New Zealand Securities Limited (ANZ Securities) will be paid commission of up to 1.00% of the application amount on all applications that are accepted by the registry bearing our "stamp". No fees are payable by the applicant on successful applications.
The above information highlights what we understand to be certain key terms of the Offer. Full offer details and defined terms are contained in the Terms Sheet and PDS which you are
strongly advised to read.
Applications for the Bonds can only be made using the Application Form in the PDS.
This communication has been prepared independently of Summerset, and is intended for distribution to clients of ANZ Securities only.
The Offer is only being made to New Zealand institutional and retail investors. Nothing in this document is to be construed as an offer of securities being made in any jurisdiction other than New Zealand.
You should also read the Important Information below.
ANZ Securities is a subsidiary of ANZ Bank New Zealand Limited (ANZ). ANZ is a Joint Lead Manager and Arranger for the Offer.
The information contained herein (including in any links) has been prepared by ANZ Securities and is based upon information obtained from sources that ANZ Securities believes to be reliable. In preparing this document ANZ Securities has relied upon and assumed, without independent verification, the accuracy and completeness of all source information. However, the accuracy, reliability and completeness of the information in this document cannot be and is not guaranteed by ANZ Securities. ANZ Securities will not be liable for any loss arising as a result of the information contained herein not being accurate, reliable or complete.
Investment products involve investment risks, including the potential loss of the principal amount invested. The information contained herein (including in any links) does not constitute a recommendation or opinion on the suitability to your investment objectives of any investment products or any strategy referred to herein. Any such investment may not be appropriate or fit for the purpose for which you may wish to purchase it. Any investment decisions made by you will be based solely on your own evaluation of your financial circumstances and investment objectives. If you are uncertain about any aspect of any investment referred to herein or its implications to you, ANZ Securities recommends that you seek expert advice from a financial adviser.
Nothing in this document is intended to be an offer to sell, or a solicitation of an offer to buy, any product, instrument or investment, to effect any transaction or to conclude any legal act of any kind. Before making an investment decision, recipients should seek independent financial, legal, tax and other relevant advice having regard to their particular circumstances.
ANZ and its affiliates may have an interest in the companies and their securities described in this document as follows:
They may receive fees from customers for buying or selling securities of the companies described in this document, and their staff and introducers of business may share in such fees or receive a bonus that may be influenced by total sales.
They may provide banking products and services (including lending facilities) to the companies.
If this document has been distributed by electronic transmission, such as e-mail, then such transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. ANZ and its affiliates do not accept any liability as a result of electronic transmission of this document.
To register your interest and receive an offer document (including application form), please follow these instructions:
If you are a client then simply provide your Account # and expression of interest and an offer document (including application form) will be sent to the address we hold on your account.
If you are not a client then provide your name and address details and an offer document (including application form) will be sent to you.
Fields denoted with this colour are required.
Complete this section if you are a client.
Complete this section if you are NOT a client.
Mr and Mrs
Contact Phone #:
I do not have an email address
The CSN entered above
correspond to the shareholder who is expressing their interest in this offer.
Complete this section with your expression of interest. An expression of interest does not involve an obligation of any kind.
imply a firm allocation.
You can only request a firm allocation over the phone – if you wish to request a firm allocation contact us on 0800 800 372.
about the difference between an expression of interest and a firm allocation.
Please be as accurate as possible. If you are undecided please leave the field blank and click the Offer Document Only box.
Amount to Spend? $
or Offer Document Only?
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