Heritage Bank has just announced the launch of a new income offer: Heritage Bank Retail Bonds.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December.
The Bonds will pay a quarterly coupon of 7.25%pa, maturing 20th June 2017 (5 years). The bond will be tradable on the ASX.
This issue will be used for general funding purposes and refinance existing debt.
Investors concerned about hidden catches within some of the recent hybrid
