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Heartland Group Holdings Limited (NZX: HGH) Heartland Australia Group Issues Australian MTNs

Friday 22nd January 2021

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Heartland Group Holdings Limited is pleased to announce that its subsidiary Heartland Australia Group Pty Limited (Heartland Australia) (BBB- stable Fitch Ratings) has completed a senior unsecured bond placement of A$75 million with a key Australian institutional fixed income investor, arranged with the assistance of Westpac Institutional Bank.

This is the third issuance under Heartland Australia’s Medium-Term Note programme and takes aggregate outstanding issuance to A$220 million.

The issuance further diversifies Heartland Group’s funding base and will be initially utilised to create further capacity to fund A$ reverse mortgage loans and associated marketing efforts, assist with new product development and the continued exploration of market opportunities.

See the link below for more details:

NZX & ASX Release - Heartland Australia Group issues Australian MTNs

Source: Heartland Group Holdings Limited

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