Originally Posted by
BlackPeter
Related to the funding of the Australian REL -
I thought Geoff was referring to the quite different funding model in Australia where they basically get their money by issuing capital notes to institutions and bundling
securitisation of mortgages instead of increasing their capital by issuing shares or bonds through the stock market ...
This is something they can do quite flexible (on a monthly or even weekly schedule) and without the need to park any equity in the Heartland Group Holding.