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Bendigo and Adelaide Bank Limited (ASX:BEN)

ALERT: Price-sensitive ASX Announcement for BEN
Current share price for BEN : $10.630 0.04 (0.38%)+
Announcement
Release
22 Jul 2026 9:06AM
Price at Release
$10.590
Full Release
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Summary
Bendigo and Adelaide Bank Limited announced the redemption of its A$125 million Subordinated Floating Rate Notes due on 14 October 2031. The redemption will occur on the first optional early redemption date, 14 October 2026, with approval from the Australian Prudential Regulation Authority. Noteholders will receive the face value of $10,000 per Subordinated Note plus the final interest payment. These transactions adhere to the Terms and Conditions outlined in the Information Memorandum and the Pricing Supplement. This redemption does not imply any future decisions regarding other regulatory capital instruments.
Key Points
  • Redemption of A$125 million Subordinated Floating Rate Notes
  • Early redemption date is 14 October 2026
  • Approved by Australian Prudential Regulation Authority
  • Noteholders receive face value of $10,000 per note
  • Final interest payment included
  • Terms set in Information Memorandum and Pricing Supplement
  • No implication for future redemption of other instruments
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.