Laminar Capital, acting as sole lead manager on behalf of Auswide Bank Limited, has priced a $25,000,000 $AUD Senior Unsecured Floating Rate Note. The 364 days repo-eligible FRN was priced at an issue margin of 88 basis points above the 90-days BBSW.
We thank our investors for their participation and look forward to bringing more to the market in the very near future.
This is the sixth Senior Unsecured transaction that Laminar has arranged on Auswide’s behalf, continuing our strong relationship with the Bank, having previously issued subordinated debt (in 2014 and 2016). Laminar is also the sole lead on their Negotiable Certificate of Deposit programme.