Pricing details on BNK Bank’s 10NC5 tier-two transaction
- Tuesday, 02 February 2021
Issuer: BNK Banking Corporation
Issuer rating: NR
Issue rating: NR
Pricing date: 22 January 2021
Settlement date: 1 February 2021
Call date: 1 February 2026
Maturity date: 1 February 2031
Lead manager: Bell Potter
Volume: A$8.75 million (US$6.7 million)
Total outstanding in the line: A$8.75 million
Coupon type: FRN
Coupon rate: 3m BBSW +540bp
Issue/re-offer price: par
Margin to swap: 540bp/3m BBSW
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