Bendigo back in Euromarket
Bendigo and Adelaide Bank (rated A-) returned to the Euromarket for the first time in four years last week, with a 125 million swiss franc issue of five year bonds. The bonds were priced at 65 basis points over mid-swaps, which would equate to around 135 bps over bank bills.NAB subsidiary Bank of New Zealand (rated AA-) raised US$750 million for five years in the US s144A market. The bonds were priced at 85 bps over US Treasury bonds.In the domestic bond market Members Equity Bank quietly sold A$100 million of one year bonds. The floating rate notes were priced at 75 bps over bank bills.