Heartland Bank Ltd said on Friday it would issue $125 million of notes on Friday 12 April, including $50 million of oversubscriptions, in an institutional & retail note offer announced a fortnight ago.
The 5-year notes will be unsecured, unsubordinated, medium term & fixed rate. The interest rate has been set at 3.55%/year.
The notes will be quoted on the NZX Debt Market from Monday 15 April.
Attribution: Company release.