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Home Capital Group Inc HMCBF


Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Home Capital Group Inc
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Comment by JDFryon Jun 14, 2017 4:33pm
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Post# 26363410

RE:RE:RE:RE:RE:HCG will be $15 stock if banks are willing to lend at 3 bp

RE:RE:RE:RE:RE:HCG will be $15 stock if banks are willing to lend at 3 bp
This article below mentions its a better deal : https://www.bnn.ca/home-capital-in-talks-with-banks-for-2b-loan-reuters-sources-1.779021


"The new loan will be on much more favorable terms than the existing $2 billion loan provided by the Healthcare of Ontario Pension Plan (HOOPP), which came with an effective interest rate of 22.5 per cent on the first $1 billion drawn down, the people said."
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