Monday 14th April 2003 |
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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
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