BEN prints A$125 million in its first subordinated domestic deal since 2014 [UPDATED]
- Thursday, 01 December 2016
Bendigo and Adelaide Bank (BEN) (A-/A2/A-) has priced A$125 million (US$92.5 million) of 10-year non-call five-year notes, on December 1. The transaction was upsized from a launch volume of A$100 million and priced 10 basis points tighter than initial guidance of 290 basis points over bank bill swap rate (BBSW).
