Unsecured Notes Series H

UNSECURED NOTES SERIES ‘H’ 

Tennis Townsville has opened a new series of unsecured notes to raise funds for further development of the tennis facilities at Tennis Townsville. The new series is being offered at 5% per annum for a period of 3 years. The interest rate being offered is much higher than the current bank deposit rates. 

Tennis Townsville is seeking your financial support. The funds raised will be used for continued improvements to our tennis facilities. 

Conditions applying to unsecured notes series ‘H’ 

  • The unsecured notes will be for a period of 3 years
  • Interest payment will be fixed at 5% per annum
  • Interest will be paid on 15 March and 15 September each year
  • Interest will be lodged direct into specified bank account
  • Minimum investment is $200
  • In case of hardship members can request earlier termination of unsecured notes, one month written notice required
  • Tennis Townsville has the right to terminate Series ‘H’ notes earlier than maturity date
  • Approved by Tennis Townsville Management Committee on 13 September, 2017
  • Closing date - midday, Monday 11th December, 2017

Click here to download an Application Form

 



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