BEN launches 2.75-year Australian dollar benchmark deal

On 2 December, Bendigo and Adelaide Bank (BEN) (BBB+/A3/A-) launched a 2.75-year Australian dollar denominated, senior-unsecured, benchmark transaction, offered in either or both fixed- and floating-rate format. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 85 basis points area over swap benchmarks.