HBL closes note offer and announces size and margin

Heartland Bank Limited closes note offer and announces size and margin
Date
5 April 2019
Release
Immediate

Heartland Bank Limited (“Issuer”), has today announced that the offer of 5 year, unsecured,
unsubordinated, fixed rate notes ("Notes") has closed, with the final amount to be issued being $125
million. All of the Notes have been allocated to participants (or their clients) in the bookbuild
process.

The issue margin for the Notes has been set at 1.75% per annum and the interest rate will be
announced later today, with the final terms sheet.


Ends


For more information please call:

Joint Lead Managers
 BNZ 0800 284 017
 Commonwealth Bank of Australia (acting through its New Zealand branch) 0800 272 633
 Deutsche Craigs Limited 0800 226 263
 Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand
branch) 0800 942 822



Heartland Bank Limited

Michael Drumm
General Counsel
Michael.Drumm@heartland.co.nz
T: (09) 927 9136