Mortgage Business Heartland Australia Group has completed a senior unsecured bond placement of $75 million. Heartland Australia Group, the subsidiary company of Australian Securities Exchange-listed Heartland Group Holdings, has completed a senior bond placement of $75 million with an undisclosed Australian fixed income investor. The placement marks the third issuance under Heartland Australia’s Medium-Term Note program, bringing aggregate outstanding issuance to $220 million. The funds will be initially used to fund Heartland Group’s reverse mortgage loans, diversifying the funding base for the group, it said in an ASX update. It will additionally be used to fund marketing efforts, assist with new product development and further the continued exploration of market opportunities, according to Heartland.