Wealth Focus has secured access to an allocation to the Heritage Bank Retail Bonds IPO. Investors looking to apply for a broker firm allocation will need to contact us on 1300 55 98 69.

Heritage Bank Retail Bonds
A relatively small offering, we feel this ticks all the right boxes in the fixed income space. The offer is likely to be heavily oversubscribed, the issue is likely to be limited, the margin is attractive, Heritage Bank's mutual status looks to have led to a more conservative management of the company and we think there is room for upside on listing. We feel Investors looking to lock in 7.25% pa over the next 5 years would do well to consider this offer.

• Fact sheet
• Prospectus
• Analysis

• Broker firm offer - Our allocation through the broker firm offer means investors are more likely to obtain their allocation without waiting for the general offer.
  


• Limited Offer – The offer is to raise approximately $125 Million, with the ability to raise more or less. The shares will be traded on the ASX


• Income - Heritage Bank Retail Bonds provide holders with quarterly unfranked distributions.


• Simple Structure - Investors wanting to avoid some of the more complex hybrids to have launched recently would do well to consider this vanilla 5 year bond.


• High level of income - The distribution rate is fixed at 7.25%pa for 5 years.


• Minimum investment - $10,000 (this is a Wealth Focus minimum)


• Issue Price - $100

• Fact sheet
• Prospectus
• Research