* Advertised rate applies until 31 October 2017 and includes a margin of 4.00% which also applies during the floating rate period.
  • 10-year term**
  • Interest paid quarterly
  • Minimum investment $10,000
  • Investment Grade Fitch Credit Rating of BBB-

**Subject to SBS Bank’s right to repay on or after the five-year anniversary. There is no right for a holder to redeem before maturity.

The SBS Capital Bonds are complex financial products that are not suitable for many investors. You should read the Limited Disclosure Document (LDD) for the Bonds in full, and seek advice from a financial adviser to help you make an investment decision. If you do not fully understand how the Bonds work or the risks associated with them you should not invest in them.

The Bonds are subordinated redeemable shares issued by SBS Bank and are loss-absorbing which means that if SBS Bank experiences financial difficulty, they may be written-off. The Bonds are not quoted on any stock exchange and there is no established market for them. The offer may be withdrawn without notice. Our normal account opening criteria and Terms and Conditions apply.

A copy of the Limited Disclosure Document can be found here

Our QFE Adviser Disclosure Statement along with the current Southland Building Society Disclosure Statement are available on request and free of charge from any branch or agency of SBS Bank, or can be viewed here.


 

 

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A copy of the current Southland Building Society (SBS Bank) Disclosure Statement along with our Term Investment Terms & Conditions and QFE Adviser Disclosure Statement are available on request and free of charge from any branch or agency of SBS Bank or on this website
© Southland Building Society, 2016