BEN prices four-year FRN

Tuesday, 17 January 2023

Updated

Issuer name: Bendigo and Adelaide Bank
Issuer rating: BBB+/A3/A-
Issue rating: as issuer
Pricing date: 17 January 2023
Settlement date: 27 January 2023
Maturity date: 27 January 2027
Lead managers: ANZ, Barrenjoey, National Australia Bank, Westpac Institutional Bank

Transaction type: senior-unsecured bond
Volume: A$750 million (US$522.5 million)
Total outstanding in the line: A$750 million
Coupon type: floating
Coupon rate: 3mBBSW +135bp
Issue/re-offer price: par
Margin: 135bp/3mBBSW