News

Heartland considers corporate bond issue

Monday 8th of August 2011

Heartland says it has sufficient cash on hand to repay the about $92 million of PGG Wrightson Finance (PWF) NZDZ-listed  bonds maturing in October, should it be successful in taking over PWF.

However, current demand for corporate bonds and its desire to retain the PWF deposit base has led it to consider a bond issue as part of its broader wholesale funding strategy.

Meetings...

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