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Financial planningFuneral Bonds

Bendigo and Adelaide Bank launches Retail Bonds (Series 1)

22 February 2011 |Media centre

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.

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Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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