Fisher and Paykel Finance
"finance solutions to individuals, families and businesses"
 
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FISHER & PAYKEL FINANCE LIMITED (the Company)
FIRST RANKING SECURED DEBENTURE STOCK
INTEREST RATES effective 1 September 2010

DEBENTURES
New Investors Existing Investors (1)
On Call 4.50% p.a. 4.50% p.a.
3 months 4.25% p.a. 4.75% p.a.
6 months 5.00% p.a. 5.50% p.a.
9 months 5.75% p.a. 6.25% p.a.
12 months 6.25% p.a. 6.75% p.a.
14 months 5.00% p.a. 5.50% p.a.
15 months 5.00% p.a. 5.50% p.a.
18 months 6.50% p.a. 7.00% p.a.
2 years 7.00% p.a. 7.50% p.a.
3 years 7.25% p.a. 7.75% p.a.
4 years 7.25% p.a. 7.75% p.a.
5 years 7.25% p.a. 7.75% p.a.

 

Fisher & Paykel Finance Limited has a guarantee under a Crown retail deposit guarantee scheme, being a guarantee that expires on 12 October 2010, and a guarantee under a Crown retail deposit guarantee scheme, being a guarantee that expires on 31 December 2011. The guarantees apply to all Fisher & Paykel Finance Limited’s debentures other than Fisher & Paykel Finance Limited's non-guaranteed debentures (“Excluded Securities”).  Excluded Securities offered by Fisher & Paykel Finance Limited are not covered by the guarantee under the Crown retail deposit guarantee schemes.  When the current guarantee expires on 12 October 2010 it will be replaced by the extended guarantee which expires on 31 December 2011.  Interest and deposit repayments after 11.59 pm on 31 December 2011 will not be covered by the extended guarantee.  Specific eligibility criteria, a maximum guarantee cap, and terms and conditions apply to each guarantee.  Further information about the Crown retail deposit guarantee schemes is available on the Treasury website at www.treasury.govt.nz

 

NON-GUARANTEED DEBENTURES (EXCLUDED SECURITIES)
New Investors Existing Investors (1)
On Call 4.75% p.a. 4.75% p.a.
3 months 5.25% p.a. 5.75% p.a.
6 months 5.50% p.a. 6.00% p.a.
9 months 6.75% p.a. 7.25% p.a.
12 months 7.50% p.a. 8.00% p.a.
18 months 7.50% p.a. 8.00% p.a.
2 years 8.00% p.a. 8.50% p.a.
3 years 8.00% p.a. 8.50% p.a.
4 years 8.00% p.a. 8.50% p.a.
5 years 8.00% p.a. 8.50% p.a.

 

If an investor subscribes for Excluded Securities, none of Fisher & Paykel Finance Limited's obligations under or in respect of that first ranking secured debenture stock will have the benefit of the guarantee under the Crown retail deposit guarantee schemes.

 

Investors may choose from the following interest options. Different minimum investment criteria apply.

Term Investment Minimum Investment
Paid Monthly By direct credit on the last business day of each month $10,000
Compounded Quarterly Compounded on the last business day of each quarter $1,000
Paid Quarterly By direct credit on the last business day of each quarter $1,000
On Call Investment Minimum Investment
Compounded Quarterly Compounded on the last business day of each quarter $500

 

Investments offered by Fisher & Paykel Finance Limited are in first ranking secured debenture stock subject to prior permitted charges (currently none). Click here for a copy of Fisher & Paykel Finance Limited's prospectus and investment statement . Copies are also available on request from Fisher & Paykel Finance Limited.  Interest rates are subject to change.

(1) The Existing Investors' interest rates are available to any current investor who has, or will have at the date of the new investment, held a term investment with us to maturity.
 
 

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