Heritage launches ASX debt transaction

by BN16 Sep 2009

Heritage Building Society announced the launch of an ASX listed subordinated debt transaction to raise approximately $30 million - with the ability to raise more or less, according to a report in The Australian Financial Review.

Heritage notes are a new style of transaction for Australia's largest building society.

The transaction involves the issue of subordinated, unsecured debt securities intended for quotation on the ASX.

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