AUCKLAND: Heartland Group Holdings Limited announce that its subsidiary Heartland Australia Group Pty Limited 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.