St.George taps 2010 FRN

St.George Bank (A+/Aa2/A+) priced a A$50 million (US$47.7 million) increase to the floating rate tranche of the July 2010 bond it originally brought to market in July 2005. The latest private placement, which lead manager UBS Investment Bank says was sold domestically, priced at 72 basis points over BBSW.