Heartland plans to raise $30 mln across bookbuild and share placement

Sun, 11 Dec 2016

By Sophie Boot Dec. 12 (BusinessDesk) - Heartland Bank wants to raise up to $30 million through a placement and share purchase plan to maintain its capital ratio after strong lending growth, as well as support its digital strategy. The placement will be conducted today through a bookbuild for institutional and other select investors in New Zealand and Australia, run by First NZ Capital, the bank said in a statement. Heartland will raise up to $20 million through the placement. The share purchase plan, which will raise as much as $10 mi...

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