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Progressive Mortgage Company Limited
Interest Rate Securities
Jumps
Invest in Interest Rate Securities
Investment Options
Current Interest Rates
How to Invest
Continuous Disclosure Documents
Invest in Interest Rate Securities
Interest paying securities issued by Progressive Mortgage Company Limited (ABN 88 000 192 012 AFSL/ACL 269822) (PMC) are available for subscription through application according to terms set out in the current Prospectus.
Copies of Progressive's Prospectus can be downloaded (see How to Invest) or a copy obtained by calling Progressive on (02) 9299 5843.
Investment Options quoted are:
- No Fixed Term - Variable interest rate
- 6 month Fixed Term
- One year Fixed Term
- Two year Fixed Term
- Three year 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Interest compounded since investment or reinvestment can be withdrawn at any time.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
| INTEREST RATES PAYABLE - Effective from January 10, 2012 | ||||
|---|---|---|---|---|
| Term | Paid or Compounded Quarterly | Paid Monthly | ||
| Nominal | Yield | Nominal | Yield | |
| No Fixed Term Variable Rate |
5.40 % pa | 5.51 % pa | 5.30 % pa | 5.43 % pa |
| 6 Month Term | 5.40 % pa | 5.51 % pa | 5.30 % pa | 5.43 % pa |
| One Year | 5.49 % pa | 5.60 % pa | 5.39 % pa | 5.53 % pa |
| Two Year | 5.49 % pa | 5.60 % pa | 5.39 % pa | 5.53 % pa |
| Three Year | 5.58 % pa | 5.70 % pa | 5.48 % pa | 5.62 % pa |
| For other Terms please call Progressive (02) 9299 5843 | ||||
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 securities, quote only the Nominal rates listed in the Table.
Investors should note that:
- There exists a level of risk that some or all of an investment in these securities may be lost.
- These securities should not be considered comparable to bank deposits.
- Progressive Mortgage Company Limited has not sought a credit rating of these securities;
- Therefore an independent assessment has not been made regarding the risk of Investors losing some or all of their investment.
How to Invest
- Download a copy of Progressive's Prospectus 2011 and Application Form to inform yourself about this offer;
- Select your investment option(s); and
- Send the completed Application Form and payment for the Total Investment Amount to:
Progressive Mortgage Company Limited
Level 4, 131 Clarence Street
Sydney NSW 2000 - Payment for the Total Investment can be made by:
Cheque
Payable to Progressive Mortgage Company Limited and marked 'Not Negotiable'.
Direct Credit / EFT
By arrangement with Progressive
BPAY telephone and Internet BankingTo use this option you will need to quote Progressive biller code 11478 - contact Progressive for the required customer reference number.
More information about using BPAY and participating bank contact details
For help completing this application form please contact Progressive on (02) 9299 5843.