Powered by MOMENTUM MEDIA
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.

Advertisement
Advertisement

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.

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

Auswide issues floating rate note
mortgagebusiness

 

Latest News

 A big four bank has announced that its cash earnings will be hit by a further $341 million in remediation costs. ...

The residential property market remains “overvalued” and is approaching a tipping point, an economist has said, despite recent signs of ...

The debate surrounding the efficacy of stamp duty has resurfaced, with the NSW government launching a new review into its revenue system.  ...

FROM THE WEB
podcast

LATEST PODCAST: Transparency around rate cuts

Do you think the mortgage market will see more consolidation this year?

Website Notifications

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