Heartland Australia sells A$75m of bonds

Fri, 22 Jan 2021

Heartland Group said its Australian subsidiary has sold A$75 million in senior unsecured bonds to "a key Australian institutional fixed-income investor" with Westpac arranging the deal.The sale of the bonds, which have a BBB- rating from Fitch Ratings, is the third such sale and takes the total sold under Heartland Australia's medium-term note programme to A$220 million."The issuance further diversifies Heartland Group's funding bases and will be initially utilised to create further capacity to fund Australian dollar reve...

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