Feltex Carpets Secured Bonds

Issuer: Feltex Carpets Ltd

Type of securities: Secured bonds with a second ranking charge over the assets of Feltex and some of its subsidiaries.

Size: $50 million with $10 mill over subscription

Maturity: September 15, 2008. Repayment in cash

Interest rate: 10.25%, payable quarterly in arrears

Other: A priority entitlement at a 5% discount to a future IPO; increase in rate to 11.75% if no IPO by September 30, 2005 payable until IPO undertaken or bonds mature

Offer opens April 14, 2003

Offer closes May 30, 2003

Minimum subscription 5000 secured bonds then in multiples of 1000

More information email feltex@sharechat.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

General Capital subsidiary General Finance update
Devon Funds Morning Note - 24 January 2025
Contact secures gas supply
MCK - MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE
January 22nd Morning Report
ATM - 1H25 Results Announcement Date and Webcast Notification
MCK RECEIVES TAKEOVER OFFER FROM CDLHHNZ
PHL - Senior Manager Change
Steel & Tube 1H25 Interim Results to be announced on 24 Feb
January 20th Morning Report