TORONTO, May 23, 2017 /CNW/ - Home Capital Group Inc.
("The Company" TSX: HCG) today provided an update on the Company's
liquidity position as of Monday, May 22,
2017. The Company continues to maintain sufficient aggregate
liquidity and credit capacity.
- Aggregate available liquidity and credit capacity of
approximately $1.46 billion including
the undrawn amount of $600 million
under the Company's $2.0 billion
credit facility at end of day May
22.
- The Company also reports that it has today received an
additional draw of $250 million on
its credit facility in preparation for the repayment of deposit
notes which is scheduled for Wednesday, May
24, 2017. The undrawn portion of the credit facility stands
at $350 million, as of today.
- Home Trust High Interest Savings Account (HISA) deposit
balances stood at approximately $115
million.
- Total Guaranteed Investment Certificate (GIC) deposits,
including Oaken and broker GICs, stood at approximately
$12.33 billion and Oaken savings
accounts stood at approximately $144
million.
AGGREGATE LIQUIDITY AND CREDIT CAPACTIY AND DEPOSIT
BALANCES
|
Aggregate
Liquidity
and Credit Capacity (C$ Billions)
|
HISA
(C$
millions)
|
Oaken
Savings
(C$
millions)
|
GIC
(C$
millions)
|
*GICs in a
cashable
position
(C$ millions)
|
May 22
|
$1.46
|
$115.0
|
$144.3
|
$12,332.8
|
$144
|
May 19
|
$1.46
|
$115.0
|
$146.1
|
$12,330.4
|
$144
|
May 18
|
$1.47
|
$116.2
|
$145.8
|
$12,339.7
|
$144
|
May 17
|
$1.47
|
$120.2
|
$145.2
|
$12,347.9
|
$146
|
May 16
|
$1.48
|
$116.8
|
$146.0
|
$12,363.2
|
$153
|
May 15
|
$1.48
|
$120.9
|
$146.1
|
$12,382.4
|
$160
|
May 12
|
$1.51
|
$125.4
|
$150.5
|
$12,438.3
|
$167
|
May 11
|
$1.56
|
$125.5
|
$153.6
|
$12,485.9
|
$198
|
May 10
|
$1.61
|
$129.1
|
$155.2
|
$12,517.7
|
$202
|
May 9
|
$1.60
|
$134.2
|
$155.4
|
$12,539.3
|
$209
|
May 8
|
$1.71
|
$146.9
|
$158.7
|
$12,583.3
|
$228
|
*GICS in a cashable position are included in the total GIC
deposit balances reported daily.
Home Trust and Home Bank are members of CDIC. Deposits
with each are separately eligible for CDIC coverage up to
applicable limits.
Caution Regarding Forward-looking Statements
This press release contains forward-looking information within
the meaning of applicable Canadian securities legislation. Please
refer to the Home Capital's 2016 Annual Report, available on Home
Capital's website at www.homecapital.com, and on the Canadian
Securities Administrators' website at www.sedar.com, for Home
Capital's Caution Regarding Forward-looking Statements.
About Home Capital Group Inc.
Home Capital Group Inc. is a public company, traded on the Toronto
Stock Exchange (HCG), operating through its principal subsidiary,
Home Trust Company. Home Trust is a federally regulated trust
company offering residential and non-residential mortgage lending,
securitization of insured residential mortgage products, consumer
lending and credit card services. In addition, Home Trust offers
deposits via brokers and financial planners, and through its direct
to consumer deposit brand, Oaken Financial. Home Trust also
conducts business through its wholly owned subsidiary, Home Bank.
Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia,
Quebec and Manitoba.
SOURCE Home Capital Group Inc.