Bendigo given warm welcome on return to Aussie bonds

25 Oct 2012

Australian lender Bendigo and Adelaide Bank raised A$400m ($415.5m) from the domestic bond market this week, more than half as much again as it had first planned.

But it paid a juicy premium over the country’s big four banks for its return to the market after a five year hiatus.

It priced the three year bond at 145bp over the three month bank bill swap rate, offering a yield pick-up of 78bp-88bp compared to the secondary ...

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