Bendigo Converting Preference Shares 4 Completion of Bookbuild

Bendigo & Adelaide Bank (BEN) today announced the successful completion of the Bookbuild for the Bendigo & Adelaide Bank Converting Preference Shares 4 (Prospective ASX Code: BENPG). The final margin was set at 3.75% p.a. over 90 Day BBSW or the bottom of the indicative range (3.75 - 3.95%).

Following the completion of the bookbuild, BEN confirmed the offer size of $300 million with the ability to raise more or less. The indicative size is comprised of an allocation of approximately $136 million of CPS4 in firm commitments to investors under the bookbuild and $124 million of eligible holders of the Convertible Preference Shares set to mature on the 13th of December 2017 (BENPD).

The offer is expected to open on the 24th of October 2017 and close on the 1st of December 2017.


Announcementpdf | 127 KB