BEN prints A$750 million dual-tranche senior deal
- Thursday, 17 October 2024
Issuer name: Bendigo and Adelaide Bank
Issuer rating: A-/Baa1/A-
Issue rating: A- (Fitch)
Pricing date: 17 October 2024
Settlement date: 24 October 2024
Maturity date: 24 October 2028
Transaction type: senior-unsecured bond
Total volume: A$750 million (US$501.7 million)
Lead managers: ANZ, Barrenjoey, UBS, Westpac Institutional Bank
FRN tranche
Volume: A$600 million
Coupon type: FRN
Coupon rate: 3m BBSW +96bp
Issue/re-offer price: par
Margin: 96bp/3m BBSW
fixed-rate tranche
Volume: A$150 million
Coupon type: fixed
Coupon rate: 4.79%
Issue/re-offer price: par
Issue yield: 4.79%
Margin to swap: 96bp/s-q
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