Auswide Bank Ltd advised today that it has priced a 2 year Senior Unsecured Floating Rate Note.

The 2 year $25m Senior Unsecured Floating Rate Note was priced at a margin of 105 basis points over the relevant BBSW.

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 Lead Manager.

Martin Barrett, Managing Director of Auswide Bank, said he is pleased with the demand from Investors for the bank’s first issuance under its dual Coropate Rated debt issuance Program.

“It provides an effective source of funding and longer dated duration of our funding Program. The successful issue will assist with current growth in our housing, consumer and business loan portfolio”.