 ANGAS SECURITIES LIMITED |
|
Trading Code:
|
ASJ1AX
|
|
ISIN:
|
AU000ASJ1AX9
|
|
Security Description: |
Angas Securities 1yr deb 8.00% 28FEB2011 |
|
Security Type: |
60 - Debenture |
| Off Market
Nexus: |
02 - NSW |
| Certificated: |
0 - Uncertificated |
| Issuer
Sponsor: |
1 - Issuer Sponsored
|
| Deferred
Delivery Indicator: |
0 - Not Deferred |
| Settlement: |
Chess T+3
|
| Security
Status: |
Active
|
| Security
Started Trading on: |
Monday, March 15, 2010 |
| Previous
Security Codes: |
|
| Previous
Security Effective Dates: |
|
| Total
Securities Issued in this Class: |
7,165,000 |
|
Listing Price: |
1.00 |
|
Original offer document: |
1. Prospectus No.8
2. Supplementary Prospectus No. 8
|
|
Announcements: |
Announcements for this security |
|
Fixed
Interest Details |
|
| Coupon: |
8.00 |
| Expiry
Date: |
Monday, February 28, 2011 |
| Fixed
Interest Terms: |
coupon paid monthly
3.1 Investment Terms
Listed debentures will be issued for either 1 year or 3 year terms. The 2 year issue will be discontinued. All debentures will terminate on the last day of the month relevant to the nominated term being the unexpired days in the month of investment plus the nominated term. By way of example, a 1 year investment made on 20 May 2008 will expire on 31 May 2009. A 3 year investment made on that day will expires on 31 May 2011.
3.2 Entitlement to Interest
All sales of debentures completed prior to the 15th day of the month will entitle the purchaser to the whole of the interest for that month. If a sale is completed after the 15th day of the month then the vendor will be entitled to the whole of the interest for that month.
3.3 Re-Investment of Interest
Debentures traded on NSX will revert to interest payable monthly in the hands of the purchaser even if the vendor had chosen to re-invest the interest. By way of example, consider a debenture trade on NSX which is completed on 20 May 2009. The vendor had accrued interest prior to the sale. As the trade was completed after 15th day of month, the vendor would be entitled to receive all invested interest to 31 May 2009. The purchaser of the debenture would be paid monthly as from 1 June 2009. The purchaser of a traded investment may contact the Company and request that interest earned be re-invested. The Company will pay the accrued entitlement of re-invested interest to a vendor as soon as practicable after the entitlement but not more than 14 days from the end of the month in which the sale of debenture is completed.
3.4 Issue Rate & Coupon Rate of Interest
The Company issues debentures at rates of interest fixed for the investment term. The retail lending rate, for new issues will be set on the first date of each month. Details can be obtained from the Company and will appear on the web-site. The retail rate will appear on the Debenture Certificate entitled “Issue Rate”. The Company will remain entitled to negotiate rates with individual investors. A rate greater than the retail rate may be negotiated for the investment of a large monetary sum. Every Debenture Certificate will bear an item entitled “Coupon Rate”. This will be the same as the Issue Rate where the prevailing retail terms apply. Wherever it varies from the Issue Rate then the Coupon Rate will prevail unless and until the debenture is traded at which time the Issue Rate will apply. The following illustration sets out how the rule applies. Consider a debenture issued for 1 year on 20 May 2008. The retail rate set on 1 May 2008 is 8.25% pa for 1 year investments but this is increased to 8.5% on 1 August 2008. The investment was for $500,000.00 and the Company agrees to pay a rate of 8.45%. The Debenture Certificate will state an Issue Rate of 8.25% and a Coupon Rate of 8.45%. The investor will be paid interest at the Coupon Rate being 8.45%. The debenture is traded on 31 August 2008 at which time the purchaser will be entitled to receive interest at 8.25% being the Issue Rate specified in the Debenture Certificate. The fact that the retail rate has changed in the meantime in not relevant.
3.5 CHESS
The Company will apply for the listed debentures to participate in the Clearing House Electronic Sub-register System (“CHESS”). Holders of listed debentures will be provided by the Company with details of Holder Identification Number (“HIN”) in the case of a holding on the CHESS subregister or Shareholder Reference Number (“SRN”) in the case of a holding on the issue sponsored sub-register. Debenture holders will be required to quote a HIN or SRN as applicable in all dealings with a stockbroker or the Registry. Details of stockbrokers who trade on the NSX appear on the NSX website.
3.6 Debenture Registry
The Company will operate the Debenture Registry in-house. |
|
National Stock Exchange of Australia®
