Heartland completes A$142m securitisation

Tue, 15 Sep 2020

Heartland Group Holdings has completed a 30-year A$142 million securitisation backed by its Australian reverse mortgage business and funded by offshore institutional investors.The securitisation, which Heartland said is the first of its kind, takes the firm's access to funding for its Australian reverse mortgage business to A$1 billion to support growth and demand."The transaction achieves another milestone in executing Heartland's strategy to diversify type, source and tenor of its Australian funding and, importantly, evidences ma...

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