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PROGRESSIVE Investments
Invest in Debentures
Interest-bearing deposits issued by Progressive Mortgage Company Limited (ABN 88 000 192 012 AFSL 269 822) (PMC) are available for subscription through application according to terms set out in the current Prospectus.
Copies of Progressive's Prospectus can be downloaded How to Invest or a paper copy obtained by calling Progressive on (02) 9299 5843.
Investment Options are:
- One year Fixed Term
- Two year Fixed Term
- Three year Fixed Term
- Variable Interest Rate No Fixed Term
Payment of Interest
Interest earned on all Investment Options can be:
- Paid monthly, quarterly, or annually; or
- Compounded quarterly.
Interest compounded since investment or reinvestment can be withdrawn at any time.
Current Interest Rates applying to these investment options.
|
Effective: June 17, 2010 |
Interest Paid or
Compounded Quarterly |
Interest Paid Monthly |
|
Type of Debenture |
Nominal |
Yield |
Nominal |
Yield |
|
Three Year Term |
6.50% pa |
6.66% pa |
6.40% pa |
6.59% pa |
|
Two Year Term |
6.05% pa
|
6.19% pa |
5.95% pa |
6.11% pa |
|
One Year Term |
6.10% pa
|
6.24% pa |
6.00% pa |
6.17% pa |
|
Variable No Fixed Term |
5.30% pa
|
5.41% pa |
5.20% pa |
5.30% pa |
Investors should note that:
- There exists a level of risk that some or all of an investment in debentures may be lost.
- Debentures should not be considered comparable to bank deposits.
- Progressive Mortgage Company Limited has not sought a credit rating of this debenture issue,
therefore an independent assessment has not been made regarding the risk of Investors losing
some or all of their investment.
Interest rates are quoted as Nominal, which is the % rate per annum applied over the monthly or quarterly period that interest accrues and becomes payable and Yield, which is the effective % annual return on the investment on the assumption all interest payable is reinvested at the same Nominal rate.
When applying for debentures quote only the Nominal rates listed in the Table.
How to Invest
- Download a copy of Progressive's
Prospectus 2010 & Application Form
to inform yourself about this offer
- Select your investment options; and
- Complete the Application Form and
send with cheque for the Total Investment
Amount to:
Progressive Mortgage Company Limited
Level 4, 131 Clarence Street
Sydney NSW 2000
- Make the cheque payable to
Progressive Mortgage Company Limited
and mark it Not Negotiable
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For help completing this application form please contact Progressive on (02) 9299 5843.
Continuous Disclosure Documents
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