Heartland Australia Group Pty Limited Issues A$ MTN
NZX/ASX Release
Heartland Australia Group Pty Limited Issues Australian Medium-Term Notes
14 November 2019
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$100 million with a key Australian institutional
fixed income investor, arranged with the assistance of Westpac Institutional Bank.
The issuance continues expansion of Heartland Australia’s Medium-Term Note programme following
the programme’s inaugural A$50 million issuance in March 2019 and further diversifies Heartland
Group’s funding base.
The proceeds will be initially utilised to create further capacity to fund A$ reverse mortgage loans and
as seed funding for the planned launch of Heartland Australia’s online SME lending platform “Open
for Business Australia”.
- Ends -
For further information, please contact:
Andrew Dixson
Head of Corporate Finance
021 2632 666
andrew.dixson@heartland.co.nz
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