Laminar Group acting as sole lead manager and  transaction arranger has successfully placed $13 million of subordinated capital notes for Wide Bay Australia.

Wide Bay Australia, one of Australia’s larger non-bank Approved Deposit Taking institutions (ADI), has launched and priced a FRN (floating rate note) domestic bond issue, raising $13 million from the transaction.

The bonds were priced at 460 basis points over the bank bill swap rate (BBSW), and issued as part of the ADI’s $200 million debt issuance program.

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