Grow with the times.

With a minimum interest rate of 8.5% p.a and an annual interest rate reset based on prevailing bond rates, EastPack Notes are particularly suited to inflationary times like these.

Based on the recent 5-year government bond rate, the interest rate for Year 1 was fixed at 8.9% p.a and is now fixed at 9.15% for year 2.

EastPack Notes are an investment in the continued growth of EastPack, one of New Zealand’s largest kiwifruit post-harvest operators.

The Notes offer a minimum interest rate of 8.5% p.a., OR the five-year government bond rate + 4.5%, whichever is highest. This means if the five-year government bond rate goes up, so will the interest rate. This interest rate return is set annually.

• Open to all investors in New Zealand
• Minimum interest rate 8.5% p.a., set annually
• 5 year investment term**
• Interest paid quarterly
• Unsecured, subordinated, fixed rate debt securities
• Minimum investment $20,000

Kiwifruit exports have more than doubled over the last 6 years, with export values now exceeding $2.5 billion dollars a year. In response to strong international demand for SunGold kiwifruit, Zespri have released new licenses to growers to plant over 3000 additional hectares of this variety, and Zespri have signalled further additional licence to be released in future years. Growers have taken up these licenses and planted new vines.

Based on these new plantings and wider industry productivity gains, the New Zealand kiwifruit harvest is projected to grow by 35% over the next five years. This volume growth is fuelling high demand for EastPack’s services to process and pack the fruit grown by its over 700 grower shareholders.

To position EastPack to be able to pack and process the growing volumes of fruit, EastPack is looking to invest to increase capacity and improve efficiency.

The money raised by EastPack Notes will fund the continued growth of EastPack, and the Notes are an opportunity to invest in the success of a long established, reputable operator experiencing the massive growth of New Zealand’s No.1 horticultural export.