Financial services briefs
Bendigo and Adelaide Bank says it plans to raise as much as $250 million through an issue of bonds to retail investors. They will be three-year, floating rate instruments paying interest of 1.4 per cent above the benchmark 90-day bank bill swap rate.
Bendigo and Adelaide Bank says it plans to raise as much as $250 million through an issue of bonds to retail investors. Bendigo released the offer document for the bonds yesterday after announcing plans for the issue last week. The bond will be a three-year, floating rate instrument paying interest of 1.4 per cent above the benchmark 90-day bank bill swap rate.
George Liondis
City Super has appointed JPMorgan treasury and securities services as its custodian and administration provider. City Super is the fund for employees of Brisbane City Council. It will merge with another JPMorgan client, Local Government Super, on June 30.
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