Auswide Bank Ltd advised today that it has issued its second Senior Unsecured Floating Rate Note. The 364day $25m Senior Unsecured Floating Rate Note was priced at a margin of 70 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 solid demand from Investors for the bank’s second issue of Senior Unsecured Floating Rate Notes.