On November 15, Bendigo and Adelaide Bank (BEN) (A-/A2/A-) printed A$400 million (US$302 million) - from a launch volume of A$300 million - in a new 3.25-year benchmark transaction. Final pricing came in at 110 basis points over three-month bank bill swap rate (BBSW). Earlier guidance marketed the transaction in the area of 107-110 basis points over BBSW. According to KangaNews data, BEN was most recently in the domestic market in April this year when it printed A$650 million of five-year notes at 146 basis points over BBSW.