Interest paid Monthly or Reinvested
Rated B+/Stable/B by Standard & Poor’s
Listed on the National Stock Exchange of Australia
Investments only by the application form contained in our Prospectus
which sets out an independent risk assessment of loss of capital.
This is not a bank deposit.
FIXED INTEREST DEBENTURE STOCK
1 or 3 year terms
INVESTOR NEWS November 2008
VISIT ANGAS SECURITIES ON THE WEB
Visit our website today. Financial Statements for Full Year 2008 are posted at
This newsletter does not contain investment advice. You should carefully consider the content of our Prospectus and seek advice from your
own qualified financial adviser. This newsletter contains general information only and does not take into account your individual objectives,
financial situation or needs. Debentures are not bank deposits. An independent assessment of the risk of loss has been made by Standard
You could be earning
338 Hay St
Subiaco WA 6008
PO Box 1602
Subiaco WA 6904
Ph (08) 9380 4983
Fax (08) 9380 4480
Level 14, 26 Flinders St
Adelaide SA 5000
GPO Box 2948
Adelaide SA 5001
Ph (08) 8410 4343
Fax (08) 8410 4355
Level 7, 1 Queens Rd
Melbourne VIC 3004
GPO Box 7720
Melbourne VIC 3004
Ph (03) 9863 8460
Fax (03) 9863 8463
Level 3, 13 Cavenagh St
Darwin NT 0800
GPO Box 4
Darwin NT 0801
Ph (08) 8942 2404
Fax (08) 8942 2808
Level 2, 50 Marine Pde
Southport QLD 4215
PO Box 3377
Southport QLD 4215
Ph (07) 5539 7813
Fax (07) 5539 7810
fixed for 1 or 3 years
PROSPECTUS NO 9 NOW OPEN
EARN 9% PA IN PROSPECTUS NO 9
Angas Securities is pleased to announce that Prospectus No 9 is now
open for the issue of fixed interest debentures. The purpose of the
debenture issue is to raise funds principally for investment by Angas
Securities in a range of quality first registered mortgages together with
freehold land investments and secure equipment financing. Investing in
quality mortgages is recognised as providing both steady income and
fixed rates of return. Angas Securities is rated B+/Stable/B. This is an
independent rating by international ratings agency Standard & Poor’s.
The rate of interest for the debenture is fixed for the term of the
investment. There are no entrance fees, exit fees or management
fees. Interest is paid to investors monthly at the fixed rate or can be
reinvested. Angas Securities regularly monitors the retail rate that it is
able to deliver to investors and is pleased to announce that the 9% rate
will continue to apply to all new investments up until 30 November
2008. Investments in these fixed interest debentures can only be made
on the application form attached to the Prospectus. Please call Angas
Securities to obtain your free copy of Prospectus No 9 which sets out
full details of the issue.
PREMIUM RETURNS FOR OUR INVESTORS
Angas Securities rewards investors by offering a Premium Rate of
interest upon expiry of investment terms. Investors who rollover
their funds upon maturity for a 12 month term receive the PREMIUM
RATE of interest which is 0.25% pa above the prevailing rate for retail
customers available at the date of maturity. The process is simple as no
further paper work need be completed. The rollover at the PREMIUM
RATE is confirmed by Angas Securities and a new 12 month Debenture
Confirmation is issued. Premium investors can chose to receive their
fixed interest monthly or the interest can be reinvested and paid on maturity. During the period until 30 November 2008,
maturing investments which are rolled over will attract an Issue Rate of 9.25% pa being the Retail Rate of 9.00% pa plus the
Premium Rate of 0.25%. The return can be further enhanced by electing to reinvest interest until maturity. All debentures
rolled over will be listed on the National Stock Exchange providing investors with the benefit of additional liquidity.
SOLID OPERATING PERFORMANCE BEING MAINTAINED
The fundamental business model of Angas Securities underpins continued solid trading performance. No debt was incurred
by Angas Securities when the core business delivered sound monthly returns to debenture investors. So Angas Securities has
entered the current period of financial turbulence with no debt – no leverage – no borrowings – but with the core business
continuing to function and produce returns to investors month after month and year after year. Angas Securities is the Fixed
Interest specialist. Funds raised from debentures are invested in the manner outlined above. No leverage and strong liquidity
has proved to be a successful recipe if investor confidence is a reliable measure. New inflows of debenture funds in October
was the ninth month on month consecutive increase in 2008.
Angas Securities Managing Director Matthew Hower and
Executive Chairman Andrew Luckhurst-Smtih.
THE FIXED INTEREST SPECIALIST
INVESTOR SERVICE LINE 1800 827 143
9.0%p.a. fixed for 1 or 3 years.
Angas Securities believes that the ingredients of a
successful long term debenture performer are a solid
business model, a strong team with capable leadership,
sound financial controls and risk management practices,
no leverage and sound liquidity. Angas Securities Investor
News regularly publishes data as to key performance
indicators for the information of investors.
Angas Securities has a Liquidity Policy to ensure that
cashflow is properly managed in accordance with the
requirements of the Trust Deed and AFS Licence. In
accordance with these procedures, the Head of Lending
prepares a regular Liquidity Report which is distributed
to every director. The intervals at which the Liquidity
Report is prepared is determined by the Board but will
be not less than monthly and will be more regular in
periods when high level monitoring is required. The
Head of Lending consults with the Finance Manager, the
Investor Relations Manager and the Lending Department
to gather information for the preparation of the Liquidity
Report. Whilst the data can sometimes be of a technical
nature, the underlying purpose is to provide appropriate
and transparent communication with investors and
The following factors are addressed in the Liquidity Report:-
Available cash at bank -
The prevailing debenture re-investment rate -
Known redemption requests -
Reliable new investment indications -
Loans due to expire – which are not to be extended -
Other flow backs such as notification of loans to be -
repaid early or other expected realisations or recoveries
Property investments – receipts expected from sales -
and requirements for any new purchases
Accepted Letters of Offer (LOOs) and projected -
settlements for new lending
New loan applications where no LOO issued -
The Chairman of the Credit Committee will utilise the
information set out in the Liquidity Report to regulate the
number and quantum of LOOs that are issued by Angas
Securities. Because every director receives the Liquidity Report,
there is ample opportunity for dialogue between directors to
ensure that outflows of funds are monitored and regulated in
accordance with the wider framework of the Liquidity Policy.
Listed debentures issued to investors are fully secured
by a first ranking charge in favour of the Trustee. It is
a requirement of the Trust Deed that Angas Securities
provide such information as the Trustee reasonably
requires in relation to the business, property, affairs and
accounting records. In the report provided to the Trustee
each quarter, Angas Securities warrants the truth and
accuracy of the following matters:-
Repayment of all debenture investments and accrued 1.
interest is secured by a first ranking floating charge
over the whole of the assets and undertakings of
The debentures are issued pursuant to a Trust 2.
Deed which provides for the issue of debt securities
Permanent Nominees (Australia) Limited 3.
(“Permanent”) is Trustee of the Trust established by
the Trust Deed.
As Trustee, Permanent holds on Trust:4.
the benefit of the Trust Deed for the a.
the charge securing repayment of the b.
all other monies payable from time to time to or c.
at the direction of the Trustee.
The interest rate is fixed for the term of the 5.
Interest is paid at the end of the month in arrears (as 6.
adjusted by reference to the date of investment and
redemption – unless investor has elected to reinvest
monthly interest at the reinvestment rate).
There are no entry fees deducted from funds when 7.
There are no exit fees deducted from funds which 8.
remain invested for the full term of the debenture.
No management fees are charged.9.
The company will notify investors approximately one 10.
month prior to maturity.
The proceeds of the debenture issue will primarily be 11.
invested in a range of first mortgages.
Angas Securities cannot depart from the lending 12.
criteria set out in its Prospectus.
The primary security for any real property loan 13.
must be a registered first mortgage over freehold or