Steady pulse for Heartland Group.

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We’re a tad late on this one due to some other commitments, but by now many will be aware that Heartland Group completed a successful ASX launch on Thursday last week.

Given Heartland Bank has been happily trading in New Zealand for many years, there wasn’t a huge amount of risk with this one as share prices floated around the $1.40 ask, peaking at $1.52 on Friday.

Prices have since softened a touch, but for anyone looking to expose themselves to foreign market influences, this one is a fairly safe bet.



NB Global Income Trust maintains asking price at open.

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Neuberger Berman’s latest offering, NB Global Corporate Income Trust (NBI), has come to market today as scheduled.

The diversified portfolio of high yield bonds of large, liquid global companies wasn’t a cheap prospect, commanding a healthy $2 per share during the IPO.

We often see the market initially shy away from some of the more expensive IPOs, but investor sentiment was positive today with prices trading a touch higher at $2.02 per share.

The current Scorecard will be updated shortly to include the new arrival.