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 IMF has urged Australia to consider reforms around housing supply and lending standards, citing apprehension around the upsurge in prope...

Treasurer Josh Frydenberg has backed the net-zero emissions by 2050 target, warning failure to comply will hurt banks’ access to capital a...

The regulator is set to release information setting out how it would use macroprudential policy tools, after expressing concerns around the ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

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.