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.
Heritage committed to brokers - Heritage Building Society's newly appointed head of third party channels has praised brokers for their role in its expansion and says the building society is committed to the channel.
Heritage boss backs brokers - Brokers have received an enthusiastic vote of confidence from the Heritage Building Society on the back of a solid performance in 2008.