Heartland Bank to offer up to $150 million in five-year bonds

Sun, 20 Aug 2017

By Rebecca Howard Aug. 21 (BusinessDesk) - Heartland Bank is offering up to $150 million of five-year fixed rate bonds to institutional and New Zealand retail investors and the funds will be used for general corporate purposes, it said in a release to the stock exchange. The bank is offering up to $100 million of unsecured, unsubordinated, medium term, fixed rate bonds with the potential for oversubscriptions of up to $50 million. The bonds will mature on September 21, 2022 and have an indicative margin of 1.75 percent to 1.95 percent....

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