Bendigo and Adelaide Bank has joined the start-of-the-year rush in bank debt deals, announcing its intention to launch an unsecured note.
Bendigo and Adelaide Bank has joined the start-of-the-year rush in bank debt deals, announcing its intention to launch an unsecured note expected later this week.The bank said it was after a four-year senior, unsecured transaction in a notice sent to potential investors on Monday. Deal size, pricing guidance and launch date were to follow.Bendigo and Adelaide is the first regional bank to tap the debt capital markets this year.
It follows three of the big four banks, who have already stocked up on debt funding this year from overseas, as pandemic-era cheap funding provided by the Reserve Bank of Australia runs dry.
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