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News on New Investment

22

 

Issuer:

Heartland Bank Limited

Description of Bonds:

Subordinated and unsecured obligations of the Issuer

Instrument Type:

Tier 2 capital bond

Issuer Rating:

BBB- (negative outlook) by S&P

Issue Rating:

Unrated

Maturity Date:

15th December 2018

Interest Rate:

6.50%

Interest Payment Dates:

Quarterly 15th of each March, June, September and December

Denominations:

NZ$5,000 and in multiples NZ$1,000 thereafter

Listing:

Not Listed

 

Important dates:

First Issue Date:

12th July 2013

Last Issue Date:

15th December 2013 (or such earlier date as may be determined by Heartland)