KEY POINTS:
Who is the company behind it?
Marac is owned by NZX-listed company Pyne Gould Corporation.
Who is the target market?
Investors wanting to get a fixed interest return higher than banks, but it carries some extra risk.
What return does it offer?
Marac is offering one-year rates on its debentures of 9.30 per cent.
When was it launched?
Marac has been around since 1952, which tells a story itself.
What is it competing with?
Other finance companies, and bank term deposits and offers.
Long, short or medium term?
Marac offers rates from call to five years and has interest options on terms of one year or more.
And the unique selling point?
Marac is an example of a good, sound finance company. Features included a Standard and Poor's rating of BBB- (investment grade).
How strong a stomach?
The estimated default probability over a one-year period for BBB- ranked companies is between 0.2 and 0.4 per cent.
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