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  1. #11
    Ignorant. Just ignorant.
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    Quote Originally Posted by Grimy View Post
    Reset after 4 years.
    Which to me indicates that they may see interest rates falling after that time.

    Who wants to pay 5.5%(guess) if you can pay 3.75% over the second half.

  2. #12
    Senior Member
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    May 2007
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    Auckland, , New Zealand.
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    Chris Lee guessing initial rate around 5.5%. Am hoping for a bit higher, but as mentioned above, I may not roll it over.

  3. #13
    Senior Member
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    5.93% set for the first 4 years.

  4. #14
    Senior Member
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    Auckland, , New Zealand.
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    Only a couple of months (15th December) until the IFTHC bond rate gets reset for the following 12 months. Currently paying 4.19% (think it was 3.5% at the beginning) and with the reset being the swap rate + 2.5%, the interest for the next year could get a decent boost.

  5. #15
    Ignorant. Just ignorant.
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    The IFTHA reset is in November. Currently 3.14%, now coming to reset with a 4.5% 1-year swap rate and a 1.5% margin, that looks set for about 6%. At the current price of $0.75, that's just on an 8% yield.

    Nice,should've bought more when they were out of fashion in the mid-60s

  6. #16
    Member
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    Dec 2011
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    Christchurch
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    333

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    Ha Ha me too

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