Bendigo and Adelaide Bank will provide a safe exit for debenture investors in another Victorian debenture company. The bank said yesterday that it had "agreed to buy the loan book" of HD&C Securities for a nil premium.HD&C is the mortgage funding arm of Harrison Dobson, a law firm in Benalla.The latest financial statements of HD&C, for the half year to December 2012, put its loan book at A$52 million.These were funded by $65 million in debentures, half of which mature in less than three months.The financial report, unusually, shows no provision for impairment and no impaired loans.In December, Bendigo bought the $240 million loan book and related assets of Southern Finance, a mortgage fund in Gippsland.In February, Mike Hirst, the bank's managing director, said Bendigo was "prepared to engage" with other mortgage debenture firms, many of which must be feeling the heat from the collapse, in late 2011, of Banksia Securities.No one from HD&C or Harrison Dobson could be reached for comment yesterday.