Bendigo and Adelaide Bank launches Retail Bonds (Series 1)
Bendigo and Adelaide Bank (BEN) has today released the Offer Document for its inaugural series of retail bonds.
Bendigo and Adelaide Bank Retail Bonds (Series 1) are three-year, floating rate instruments paying a quarterly interest distribution to investors. Interest distributions will be based off a fixed margin of 1.40 per cent above the 90-day Bank Bill Swap Rate (BBSW). Application will be made for the quotation of the Retail Bonds (Series 1) on ASX.
BEN will raise up to a maximum of $250 million under the offer.
| Key dates^: | |
| Lodgement of Offer Document with ASX: | 22 February 2011 |
| Opening Date for the Offer: | 22 February 2011 |
| Closing Date for the Offer: | 8 March 2011 |
| Issue Date: | 15 March 2011 |
| Commencement of Deferred Settlement Trading: | 15 March 2011 |
| Despatch of Holding Statements: | 21 March 2011 |
| Commencement of Normal Trading: | 22 March 2011 |
Further details, including how to apply for Retail Bonds (Series 1), can be found in the Offer Document lodged with ASX today.
^The Bank may vary the above timetable, including to close the Offer early, extend or withdraw the Offer.
