Briefs: Heritage sells notes, ASIC fines FC Stone Australia, Big Four not issuing equity 30 April 2015 3:51PM Banking Day staff Briefs, An A$200 million 3-year senior unsecured floating rate note issue was priced yesterday by Heritage Bank (rated A3 by Moodys and under review for a possible downgrade; and BBB+ by Fitch with a 'stable' outlook). The FRNs have a coupon of 115 basis points over the three-month bank bill swap rate and were priced at par ($100.00). The joint lead managers are ANZ, CBA and Westpac. The settlement date is 7 May 2015. ASIC has accepted a A$130,000 fine from commodities futures and options advisory firm FC Stone Australia. The fines relate to a string of infringements for shortcomings on risk management procedures and failure to comply with certain market integrity rules. The Big Four banks are declining meetings with the investment banks' equity capital markets teams, despite calls from the prudential regulator and financial system inquiry head David Murray to lift capital levels. There is agreement between "deal-hungry" ECM bankers and traders that any bank raising would be well supported, reports the AFR, adding that investors are chasing franked dividends.