HBS heritage bank limited

upcoming issue - heritage bonds

  1. intheblack08
    477 Posts.
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    12/10/09
    01:47
    Post #: 5762586
    http://asx.com.au/asx/research/upcomingFloatDetail.do?asxCode=HBS

    Impressive interest rates being offered on this upcoming issue - 10%pa for the first 5 years, and a floating rate of BBSW + 6.6525%pa for the following 5 years. Obviously not a highly rated issue (BBB from S&P), but from my brief glance at the prospectus, it looks like a solid operation.

    Can any Queenslanders out there tell me a bit more about Heritage's reputation?

    This could be a good security to purchase on market if it trades at a discount to face value.
    HBS Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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