- Heritage Bank has raised A$227.5 million from a placement of unsecured, senior bonds. It launched its offer a month ago, aiming to place $125 million in bonds. It said it had received $480 million in bids. The bank will pay 7.25 per cent on the bond. When first marketing the bonds a month ago, Heritage offered a rate on its (government guaranteed) five-year term deposits of 5.50 per cent. It has since cut this rate to 5.20 per cent.
- Resi Mortgage Corp is to change its online home-loan advertising to give the comparison rate more display. The Australian Securities and...
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