UPDATED: Aquila Capital, MyFarm mortgage JV sees 6%-plus interest for investors

Sun, 19 Oct 2014

(Adds comment on returns, product structure from executive director Andrew Watters) Oct. 20 (BusinessDesk) - Germany's Aquila Capital and New Zealand farm investment company MyFarm are seeking up to $100 million from mainly offshore wholesale investors for a trust that will provide secondary mortgages to farmers behind loans from ANZ New Zealand. ACF NZ Dairy Farming Trusts expects to offer interest of at least 6 percent to investors in the trust and capital growth of between 40 percent and 60 percent over a 10-year term, executive direct...

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