EastPack Limited is the issuer of EastPack Notes. The Product Disclosure Statement is available at www.myfarm.co.nz/eastpack or by contacting MyFarm Investments at 0800 693276, or on www.business.govt.nz/disclose and searching for offer number 13417.
Please ensure you have received, read and understood the Product Disclosure Statement dated 4th November before making your application.
The law normally requires people who offer financial products to give information to investors before they invest. This information is designed to help investors make an informed decision.
If you are a wholesale investor under the definition of that term in clause 3 of Part 1 Schedule 1 of the Financial Markets Conduct Act 2013, the usual rules do not apply to offers of financial products made to you. As a result, you may not receive a complete and balanced set of information.
You will also have fewer other legal protections for these investments. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
This advertisement does not constitute, and is not a substitute for, financial, legal, tax, accounting or other professional advice. It does not take into account the particular needs or circumstances of any prospective investor. Before deciding whether to invest, you should obtain independent financial advice that takes account of your personal financial goals and circumstances. MyFarm Investments and/or EastPack cannot provide you with any such independent financial advice. Any investment decision made by any person is based solely on their own evaluation of their individual personal and financial situation. Nothing in this advertisement constitutes an invitation to purchase, or an offer of shares, securities, or financial products to any person, in any country, in which it would be unlawful to do so.
Impressive returns growing in challenging times.
In the months since EastPack Notes' successful launch, it has been no secret that the Kiwifruit industry has faced challenges. Picking for the current season finished in June and after a sustained period of extreme weather events, a much smaller crop than expected has been produced, impacting both growers and post-harvest profitability.
However, it is a credit to EastPack's adaptable business model that they can reduce overheads by scaling their staffing costs and tightening capital expenditure while still having sufficient packing and cool-store capacity to meet increased forecast demand in 2024.
EastPack and Zespri predict rapid growth in the industry over the next few years, and the post-harvest sector needs to expand significantly to ensure growers can pack and store their fruit. Investing in EastPack Notes lets you support New Zealand’s largest horticultural sector, a significant provider of employment, local industry and income across the country.
More importantly for Notes holders, EastPack has paid out over $1m of interest to investors, who have benefitted from an 8.9% return on their investment so far.
EastPack Notes are currently available to wholesale investors only.
The horticultural industry may face volatile times, but EastPack Notes continues to perform to expectations.
EastPack Notes: a fixed-term debt instrument with initial returns of 8.9% p.a.
EastPack Notes, are an investment in the continued growth of EastPack, one of New Zealand’s largest kiwifruit post-harvest operators, based in Bay of Plenty.
- Open to Wholesale investors
- Minimum return 8.5% p.a., or the New Zealand 5 year Government Bond Rate, plus a margin of 4.5%, whichever is higher. Reset annually.
- First year interest rate set at 8.9% p.a.
- 5 year investment term*
- Interest paid quarterly
- Minimum investment $20,000
