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Brief: Bendigo and Adelaide prices RMBS

Bendigo and Adelaide Bank will pay a margin of 133 basis points over the one-month bank bill swap rate on the senior notes of its latest issue of residential mortgage backed securities. The A$644 million of A notes have a weighted average life of 3.2 years. The bank issued $700 million in total - up from $500 million offered at the launch. Pricing on the B and C notes was not disclosed.

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