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Asset growth and a conservative funding strategy led Bendigo and Adelaide Bank (BEN) to print the first senior-unsecured benchmark deal by an Australian bank since the COVID-19 pandemic began, the issuer tells KangaNews. The A$650 million (US$478.4 million) five-year transaction priced on 25 November and is a rarity in a market that has been denuded of senior bank issuance.

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