Retirement villages · SUM020 · as at 2 Sept 2026
Summerset Group Retail Bond, 2030
The other major listed retirement village issuer, offering a similar yield profile to Ryman.
Indicative yield to maturity
6.26%
Coupon at issue
6.40%
Interest paid
Quarterly
- Issuer
- Summerset Group
- NZX code
- SUM020
- Sector
- Retirement villages
- Maturity
- March 2030
- Ranking
- Senior unsecured
- Currency
- NZD
- Typical minimum parcel
- $5,000
- Green / sustainable
- No
All figures are indicative only and stated in New Zealand dollars as at 2 Sept 2026. The coupon is fixed at issue; the yield to maturity depends on the market price you pay and moves daily. Confirm every figure in the issuer's own offer and terms documents before investing.
About this bond
Summerset Group develops and operates retirement villages in New Zealand and Australia and has become a regular issuer of retail bonds on the NZX Debt Market.
Like its peer, Summerset is unrated and its credit profile is tied to the residential property cycle and to delivery of a substantial build programme. Investors are compensated with a coupon well above the regulated-utility end of the curve.
Interest is paid quarterly. Parcels trade from $5,000 through a sharebroker.
Buying and selling before maturity
Summerset Group Retail Bond, 2030 is bought and sold through a New Zealand sharebroker rather than direct from the issuer. You pay the prevailing market price plus brokerage, which is why the yield to maturity above differs from the 6.40% coupon.
Held to March 2030, you receive the scheduled interest and face value at maturity, assuming the issuer meets its obligations. Sold earlier, you receive whatever the market pays that day — higher if interest rates have fallen, lower if they have risen. Listed does not guarantee liquid, so the prudent assumption is that you hold to maturity.
This bond ranks as senior unsecured. Ranking determines where you stand relative to other creditors if the issuer runs into trouble, and it matters more than the headline rate.
Indicative yield to maturity · SUM020
6.26%
Indicative only and subject to market pricing and availability. Ask for the current offer documents and we'll include the free NZ Bond Buyer's Guide.
Free · no obligation
Ask for the current terms on SUM020
6.26%
Indicative yield to maturity on Summerset Group Retail Bond, 2030. The coupon set at issue is 6.40%. Yields move with market pricing and are not guaranteed.
Leave your details and a licensed New Zealand or Australian broker will send the current price, indicative yield and offer documents for SUM020, plus the free NZ Bond Buyer's Guide. This is an enquiry only.
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All figures are indicative, in New Zealand dollars, as at 2 Sept 2026. Yield to maturity moves with the market price you pay and will differ from the coupon. Confirm current terms in the issuer's offer documents before investing.
Not sure how the quoted yield translates into dollars in your account? Bond yields explained walks through coupon, running yield and yield to maturity with worked numbers.