Bendigo and Adelaide Bank announces A$200m Tier 1 offer

April 27, 2015 3:30 AM

65 0

SYDNEY, April 27 (IFR) - Australia's Bendigo and Adelaide Bank has announced plans to raise approximately A$200m (US$156m) from its latest issue of Convertible Preference Shares 3 (CPS3).

Price guidance for the retail-targeted, Basel III-compliant Tier 1 notes is 400bp-420bp over 180-day BBSW. The bookbuild to set the margin is expected on May 1. Bendigo has the ability to raise more or less from the issue, depending on demand.

Read more

To category page