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.
Heartland Bank Ltd said today it was considering an institutional & retail note offer.
Heartland Bank Ltd will put a proposal to shareholders at its annual meeting next month to create a new parent company with 2 main subsidiaries listed in Australia & New Zealand.
Heartland Bank Ltd has closed its 5-year notes offer heavily oversubscribed.
Heartland Bank Ltd increased net profit after tax by 12% to $60.8 million for the year to June. It’s also considering making a notes issue in the next fortnight.
Heartland Bank Ltd completed a $20 million placement yesterday at $1.46/share.