HBS issues A$400 million as it shifts funding from ABS
- Friday, 10 July 2009
Heritage Building Society (HBS) (BBB/Baa3) issued a total of A$400 million (US$312.72 million) of government guaranteed three- and five-year bonds on July 9 with the issuer saying it expects to return to the vanilla market more frequently in future as it switches its wholesale funding out of the challenged asset-backed security (ABS) market.
