SBS Bank

7.50

p.a.

SBS Capital Bonds No. 2 10-year** Subordinated Redeemable Share Investment. Fixed for the first five years, then a quarterly floating rate will apply.

We're excited to tell you about our current investment opportunity, having recently launched the SBS Capital Bonds No.2 (the Bonds). The Bonds are a 10-year subordinated redeemable share investment with a five year fixed interest rate of 7.50% p.a. and a quarterly floating interest rate thereafter.

10-year term.
Interest paid quarterly.
Minimum investment $10,000.

This means you have time to sit back and relax knowing that you've locked-in an interest rate for the first five years, which can help provide some certainty irrespective of changing market conditions.

If you think this may be the right fit for you we would love to have a chat to discuss your options. Simply give us a call on 0800 727 2265 to make an appointment with one of our experienced team members and we can talk you through how it all works.

Kind Regards

Mark McLean

SBS Group CEO

sbsbank.co.nz

*This rate applies from 1 March 2023 until 31 March 2023 and includes a margin of 2.70% which also applies during the floating rate period.

**Subject to SBS Bank’s right to repay on or after the five-year anniversary. There is no right for a holder to redeem before maturity.

The SBS Capital Bonds No.2 (Bonds) are complex financial products that may not suit you. You should read the Limited Disclosure Document (LDD) for the Bonds in full, and talk to one of our Nominated Representatives who are able to provide financial advice on the Bonds. You can also consult a financial adviser before you decide whether or not to invest. If you do not fully understand how the Bonds work or the risks associated with them you should not invest in them. The Bonds are subordinated redeemable shares issued by SBS Bank and are not quoted on any stock exchange nor is there an established market for them. The offer may be withdrawn without notice. Our normal account opening criteria and Terms and Conditions apply. A copy of the LDD and our Nominated Representative Disclosure Statement along with our current Southland Building Society Disclosure Statement are available on request and free of charge from any branch or agency of SBS Bank, or can be viewed at sbsbank.co.nz.

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