HGH - Heartland Group Holdings

[janner]

$1.93. Not looking good for the DRP.

I suppose I will just have to grin and bear it ...

[RTM]

$1.93. Not looking good for the DRP.

I suppose I will just have to grin and bear it ...

Pleased I opted out....they were getting to be to big a proportion of my portfolio.... >15% !
There are some tough choices and big problems with this company !

[Puriri Pete]

$1bn market cap. - a nice milestone.

[Beagle]

Heartland complete book build and raises the full $150m at the minimum guaranteed rate of 4.50%. Significant oversubscriptions so obviously they could have raised even more which augers well for the ongoing funding of the lucrative reverse equity mortgage book.

HBL
29/08/2017 15:57
OFFER
NOT PRICE SENSITIVE
REL: 1557 HRS Heartland Bank Limited

OFFER: HBL: Heartland sets offer size and rate on retail note offer

Heartland Bank Limited sets offer size and rate on retail note offer
Date 29 August 2017
Release Immediate

Heartland Bank Limited ("Issuer") today announced that it had successfully
closed the bookbuild for the five year, unsecured, unsubordinated, medium
term, fixed rate notes ("Notes" or "Offer"). The Offer size has been set at
$150 million. The Issuer has decided to proceed with the full offer amount
following the successful bookbuild, which saw a significant degree of
oversubscription.

The Offer opens on 30 August 2017 and is expected to close on 18 September
2017. There is no public pool available.

The interest rate for the Notes has been set at 4.50% p.a. This reflects a
margin of 1.88% p.a. over the underlying five year swap rate. The Notes will
be issued on 21 September 2017 and will mature on 21 September 2022. The
Notes are expected to be quoted on the NZX Debt Market.

The Notes are expected to have a credit rating of BBB from Fitch Ratings.

The full details of the offer are contained in the Limited Disclose Document
and in the Register Entry for the Offer, both available at
https://www.companiesoffice.govt.nz/disclose. Summarised terms of the Offer
are contained in the updated Terms Sheet attached.

[winner69]

$1bn market cap. - a nice milestone.

pretty good for a company whose book value is $570m

[peat]

Heartland complete book build and raises the full $150m at the minimum guaranteed rate of 4.50%. Significant oversubscriptions so obviously they could have raised even more which augers well for the ongoing funding of the lucrative reverse equity mortgage book.

i heard 3x oversubscribed. dont know how many I got yet.......

[percy]

i heard 3x oversubscribed. dont know how many I got yet.......

Very pleasing for shareholders that bond investors rate Heartland Bank so highly.

[Beagle]

i heard 3x oversubscribed. dont know how many I got yet.......

Wow impressive stuff. No problem funding the huge ongoing growth in the high margin low risk lucrative reverse mortgage book then.
4.5% great for shareholders. I'm sure this won't be the last issue of this type by HBL.

[777]

Is it that great though

4.5% less 33c tax is a net return of 3.015%

Put it is the bank for 5 year Term Fund (PIE)

4.2% less 28c is a net return of 3.024% (ASB)
4.3% less 28c is a net return of 3.096 (ANZ)

[iceman]

Is it that great though

4.5% less 33c tax is a net return of 3.015%

Put it is the bank for 5 year Term Fund (PIE)

4.2% less 28c is a net return of 3.024% (ASB)
4.3% less 28c is a net return of 3.096 (ANZ)

Yes great for us SH that HBL could fund its big growth so easily and relatively cheaply :-)