The material on this page is provided and distributed by Generator Bonds Limited it is capacity as trustee of the Commodity Bonds Trust, the issuer of Commodity Bonds for use by financial advisers only. This information is provided for the use of financial advisers only. In no circumstances is it to be used by a potential investor for the purposes of making a decision about a financial product or class of products. This advice is not personal advice. This advice has been prepared without taking account of investors objectives, financial situation or needs.
8.25% fixed quarterly coupon
Investment grade quality
Diversification away from the NZ economy
Commodity Bonds are now listed on the NZDX (NZX Debt market). The stock code is MCB010. Information about the issuance and ongoing updates about Commodity Bonds are available on the NZX website at www.nzx.co.nz
The final interest rate has been set at 8.25%, and Standard & Poor's have issued Commodity bonds with the expected credit rating within investment grade.
Key dates
Issue date
September 7, 2006
Quotation date
September 14, 2006
Date of first interest payment
December 7, 2006
Subsequent interest payments
Quarterly
Maturity date
December 7, 2011
Summary of the offer
In the current climate of uncertainty, it's no wonder people are searching for investments with an attractive yield, diversification away from the NZ economy and a credit rating from Standard & Poor's.*
Responding to this demand, Macquarie has developed an investment grade product for distribution in the New Zealand market.
Commodity Bonds is designed to generate fixed income from a portfolio of commodity positions selected from the precious metal, base metal and energy sectors.
View the offer document "Note: The initial public offer for Commodity Bonds is now closed and no further applications will be accepted. The attached Offer Document is for reference purposes only. For those considering purchasing Commodity Bonds on the secondary market (NZX), please contact your financial adviser."
Key Features
Offer a fixed rate of 8.25% pa paid quarterly
A credit rating within investment grade from Standard & Poor's (S&P), one of the world's leading credit rating agencies
5 year term
Listed on the NZDX
NZD denominated
In general it is unlikely to be appropriate for investors to invest more than a small proportion of their overall investment portfolio in Commodity Bonds.
* A credit rating is not a recommendation to buy, hold or sell the securities; nor does it attest to the suitability of an investment in the securities by any individual investor. Any rating is subject to revision, suspension or withdrawal at any time by Standard & Poor's.
This general advice has been prepared by Generator Bonds Limited and Macquarie Equities New Zealand Limited and does not take into account your objectives, financial situation or needs. Before acting on this general advice you should consider whether it is appropriate to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.
Commodity Bonds are issued by Generator Bonds Limited in its capacity as trustee of the Commodity Bonds Trust and constitute first ranking secured obligations of Generator Bonds Limited, in its capacity as trustee of that trust. Investments in Commodity Bonds are not deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 nor any member of the Macquarie Bank Group and are subject to investment risk, including possible delays in repayment and loss of income and or principal invested. None of Macquarie Bank Limited, Generator Bonds Limited, Macquarie Equities New Zealand Limited or any other member of the Macquarie Bank Group guarantees any particular rate of return on the Commodity Bonds nor do they guarantee the repayment of the principal of the Commodity Bonds. Macquarie Bank Limited is a company incorporated in Australia and authorised under the Banking Act 1958 (Australia) to conduct banking business in Australia. Neither Macquarie Bank Limited nor any member of the Macquarie Bank Group are registered as a registered bank in New Zealand under the Reserve Bank of New Zealand Act 1989 (New Zealand).
Macquarie Bank Limited, Generator Bonds Limited, Macquarie Equities New Zealand Limited or its associates, officers or employees may have interests in the financial products referred to in this advice by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, lender or adviser. Macquarie Bank Limited, Generator Bonds Limited, Macquarie Equities New Zealand Limited or its associates may receive fees, brokerage or commissions for acting in those capacities. In addition, Macquarie Bank Limited Generator Bonds Limited, Macquarie Equities New Zealand Limited or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in this advice.Back to top
Your contact options
For enquiries about existing holdings contact:
Computershare Investor Services Limited Level 2, 159 Hurstmere Road Private Bag 92-119 Takapuna, New Zealand
Macquarie Group Limited is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia), and Macquarie Group Limited's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Group Limited. Neither Macquarie Group Limited nor any member of the Macquarie Group of Companies is registered as a bank in New Zealand under the Reserve Bank of New Zealand Act 1989.
