Powered by MOMENTUM MEDIA
subscribe to our newsletter

Auswide issues floating rate note

Auswide Bank has announced it has successfully issued its second senior unsecured floating rate note (FRN).

The bank said in a statement that the 364-day, $25 million FRN was priced at a margin of 70 basis points over the relevant bank bill swap rate.

The FRN was issued to investors in the capital market under Auswide’s existing debt issuance program, with Laminar Capital acting as lead manager.

Auswide Bank managing director Martin Barrett said he is pleased with the solid demand from investors for the bank’s FRN.

“It provides cost-effective funding and further diversifies our funding sources,” he said.

Advertisement
Advertisement

PROMOTED CONTENT


“The successful issue will assist with current growth in our housing, consumer and business loan portfolio.”

Auswide issues floating rate note
mortgagebusiness

Latest News

The digital property settlements platform has appointed independent company directors to its board as it expects to begin trading on the ASX...

A report has called for a royal commission and the Reserve Bank to address soaring house prices, warning that the Australian property market...

Auction volumes were lower last week amid ongoing lockdown restrictions in Melbourne and a long weekend in several states and territories, a...

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.