Heartland Bank prints A$20 million tier-two deal
- Friday, 31 March 2017
New Zealand’s Heartland Bank (Heartland) (BBB from Fitch Ratings, with an expected issue rating of BBB-) placed a tier-two transaction in the Australian dollar market on 31 March. The deal had indicative volume of A$20 million (US$15.3 million) and price guidance of 415 basis points over bank bills for 10-year non-call five tenor.
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