Announcement
GENERAL: HGH: Heartland Australia Group Issues Australian MTNs
08:31am
HGH
22/01/2021 08:31
GENERAL
NOT PRICE SENSITIVE
REL: 0831 HRS Heartland Group Holdings Limited
GENERAL: HGH: Heartland Australia Group Issues Australian MTNs
NZX/ASX Release
Heartland Australia Group Pty Limited Issues Australian Medium-Term Notes
22 January 2021
Heartland Group Holdings Limited (NZX/ASX: HGH) (Heartland Group) 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.
- Ends -
For further information, please contact the person(s) who authorised this
announcement:
Andrew Dixson
Chief Financial Officer
M: 021 2632 666
E: Andrew.Dixson@heartland.co.nz
Address:
Level 3, Heartland House
35 Teed Street
Newmarket, Auckland
New Zealand
End CA:00366550 For:HGH Type:GENERAL Time:2021-01-22 08:31:08
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