Disclosure

 

Debex ®, The New Zealand Debenture, Equity and Bond Exchange, is an exempt financial product market under section 312(1)(a) of The New Zealand Financial Markets Conduct Act 2013 (the Act) and is therefore not regulated as a financial product market under New Zealand law.

Debex secondary markets facilitate the trading of equities, preference shares, debenture stock, bonds, capital notes, managed funds and property based securities.

Investors using the Debex secondary markets will not be afforded the protection provided by a financial product market licensed under the Act which incudes, but is not limited to, restrictions on insider trading, disclosure of directors’ relevant interests and disclosure of material information liable to affect the market price of securities.

Debex does not monitor the issuers of securities listed on the Debex secondary markets for compliance with relevant laws and regulations.

 

Welcome to Debex ®, The New Zealand Debenture, Equity and Bond Exchange

Pay no brokerage or entry fee on secured debenture stock, capital guaranteed hedge funds, managed funds and other popular investments.

Wanting to find the best current interest rates on secured debenture stock, capital notes and bonds? Debex offers a comprehensive investor resource to meet your investment needs.

Debex provides primary and secondary markets for the purchase and sale of New Zealand secured debenture stock, equities, bonds, capital notes, property backed securities, managed futures, commodities and hedge funds. Compare debenture stock interest rates from leading New Zealand finance companies and pay no brokerage to invest. See “how to invest” for application details.

Debex Secondary Stock Markets

Looking for a very cost effective sharetrading platform to enable trading of your company’s shares? Debex secondary markets offer a low cost alternative, providing a full transaction and clearance facility. Click here for details…

The Debenture Stock Secondary Market and other Debex secondary markets enable existing holders of New Zealand registered debenture stock, equities, bonds, property securities and managed funds to offer their investments for sale on the open market prior to maturity, thereby accessing their capital and avoiding expensive early redemption fees.

 

Buyers of New Zealand registered debenture stock and other issues from the Debex Secondary Markets may find a superior return over a term to meet their requirements by checking available secondary stock market quotes.

Primary Debenture Stock Market

The Primary Debenture Stock Market lists current issues of debenture stock from leading New Zealand finance companies, showing best current interest rates on term deposits and current “Red Table” interest rate specials. All listed debenture stock is issued subject to an approved current prospectus registered with the New Zealand Companies Office. Investors pay no brokerage on debenture stock purchased through the Exchange Operator, Canopus Investments Limited. For details contact Canopus info@canopus.co.nz. Investment Adviser Disclosure Statement available on request, free of charge.

New Zealand Regulations allow for special taxation treatment of interest paid to qualifying non-resident investors.

For detailed listing requirements of the Debenture Stock Primary Market, see Rules.

What is debenture stock ?

Debenture stock is a form of fixed interest security (debt funding) issued by specialist finance companies, authorised to raise funds from the investing public for onlending to carefully selected corporate and private borrowers.

By governing legislation, the permitted activities of each finance company are prescribed in a registered trust deed with a specialist independent trustee company being appointed to monitor finance company performance and act in the interests of debenture stock holders. Should the finance company fall outside its prescribed operating limits and financial ratios as defined in the registered trust deed, Trustee powers extend to demanding immediate repayment of debenture stock capital and even placing the issuing company in receivership if necessary, to ensure security of investment for the debenture stockholders.

First ranking secured debenture stock carries a floating charge across all the assets of the issuing finance company (subject to minor permitted priority charges) and therefore, in priority for repayment, ranks ahead of ordinary creditors, subordinated debt, capital notes, bonds and ordinary shares in the event of a company failure.

Purchase of New Zealand registered debenture stock and other investments may be open to international investors, depending on jurisdiction.

 

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Conditions of use of this website

Use of this website denotes agreement to the following terms and conditions:

Disclosure

Debex ®, The New Zealand Debenture, Equity and Bond Exchange, is an exempt financial product market under section 312(1)(a) of The New Zealand Financial Markets Conduct Act 2013 (the Act) and is therefore not regulated as a financial product market under New Zealand law.

Debex secondary markets facilitate the trading of equities, preference shares, debenture stock, bonds, capital notes, managed funds and property based securities.

Investors using the Debex secondary markets will not be afforded the protection provided by a financial product market licensed under the Act which incudes, but is not limited to, restrictions on insider trading, disclosure of directors’ relevant interests and disclosure of material information liable to affect the market price of securities.

Debex does not monitor the issuers of securities listed on the Debex secondary markets for compliance with relevant laws and regulations.

Disclaimer

Debex ®, The New Zealand Debenture, Equity and Bond Exchange, is owned and managed by Canopus Investments Limited, FSP 31002, a privately owned New Zealand financial services company. To the maximum extent permitted by law, neither the owners, managers, employees nor associates of The New Zealand Debenture, Equity and Bond Exchange accept any liability whatsoever for transactions initiated through this website. Neither the owners, managers, employees nor associates of The New Zealand Debenture, Equity and Bond Exchange guarantee the performance of any party to any contract established through this website.

Information provided on this website does not constitute a recommendation or advice to purchase any investment or service listed or mentioned on this website. Information displayed on this website does not constitute personal investment advice and should not be relied on for making investment decisions. Investments mentioned on this website may not be appropriate for individual investment objectives or individual financial circumstances. Investors requiring personal investment advice should consult Canopus Investments Limited. A Financial Adviser Disclosure Statement is available on request, free of charge.

Information provided on this website is compiled from information believed to be accurate at the time of publication but no guarantee as to the accuracy of information displayed on this website is given, intended or implied.

Neither The New Zealand Debenture, Equity and Bond Exchange nor its owners, directors, officers and associates, guarantee the expected return or any other return from investments mentioned on this website.

Information provided on this website is not intended to create, nor does it create, any legal obligation, responsibility or contract between the owners, managers, employees or associates of The New Zealand Debenture, Equity and Bond Exchange and any other party.

Acceptance of offers

Information provided on this website does not constitute an offer of primary issue securities as such offer is only made on receipt of a completed application form. Application for primary issue securities will only be accepted when made on the application form accompanying the formal offer document.

Application to purchase securities listed on Debex secondary markets will only be accepted when made in accordance with the Secondary Market Trading Rules.

Restrictive Jurisdictions

No investment, product or service referred to on this website is, or will be, knowingly offered to any person or entity residing in, or subject to, a restrictive jurisdiction where the offer of such investments would be unlawful. Any person or entity requesting information about, or making application for, any investment, product or service referred to on this website, will be deemed to have declared that the person or entity making the request or application is free to receive such offers and is not subject to any restrictive jurisdiction where such action would be considered unlawful.

Copyright

Information published on this website is provided on a non-prejudicial basis only. It may not be used for other than the purpose for which it is intended, that is, the obtaining of financial services information of a general nature only. International copyright to the material on this website is held by Canopus Investments Limited. Unless specifically authorised by Canopus Investments Limited in writing, all copying, forwarding or alternative use of information obtained from this website, in any manner whatsoever, by any individual, entity, corporate, state or representative of such entities, is prohibited and may be deemed to constitute breach of copyright.