Heartland Bank Limited announced that it had successfully closed the bookbuild for the five year, unsecured, unsubordinated, medium term, fixed rate notes. The Offer size has been set at $150 million. The Issuer has decided to proceed with the full offer amount following the successful bookbuild, which saw a significant degree of oversubscription. The Offer opens on 30 August 2017 and is expected to close on 18 September 2017. There is no public pool available. The interest rate for the Notes has been set at 4.50% p.a. This reflects a margin of 1.88% p.a. over the underlying five year swap rate. The Notes will be issued on 21 September 2017 and will mature on 21 September 2022.