St.George increases April 2011 FRN

St.George Bank (A+/Aa2/A+) (St.George) priced a A$50 million (US$47.9 million) increase to the floating tranche of its April 2011 bond on July 10 – the first time the issuer has increased the line since its 2006 debut and bringing its size to A$950 million, or A$1.35 billion including the fixed rate tranche.