Brief: IMB completes notes issue

Banking Day staff
  • IMB completed the issue of A$70 million of 10 Non-Call 5, Tier 2 Subordinated Floating Rate Notes at the 3 month BBSW+250 bps. The Notes are eligible for inclusion as Tier 2 Capital. ANZ and NAB acted as managers and dealers in relation to the issue one which they say “received strong investor demand.”