**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 The offer may be withdrawn without notice.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.