- Senior Unsecured Floating Rate Note issue receives strong support
Auswide Bank Ltd advised today that it has priced a 1 & 2 year Senior Unsecured
Floating Rate Note tranche.
The 1 year $10m Senior Unsecured FRN was priced at a margin of 75 basis points over the 90 day BBSW and the 2 year $30m Senior Unsecured FRN was priced at a margin of 110 basis points over the 90 day BBSW.
Group Treasurer Dale Hancock said, “The FRN was issued to investors in the capital market under the bank’s existing Debt Issuance Program, with Laminar Capital Pty Ltd acting as Dealer. The issuance was well over subscribed with pricing tightening since last issuance in July.”
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