Briefs: Bendigo and Adelaide chair takes leave, Suncorp completes hybrid bookbuild, Judo marks anniv 22 April 2024 3:37AM John Kavanagh Viki Carter, interim chair of Bendigo and Adelaide Bank Bendigo and Adelaide Bank chair David Foster has taken leave from the board. Foster is the executive chair of Star Entertainment, which is the subject of a licensing inquiry that has heard evidence that is highly critical of the company’s board and management. Viki Carter, who has been a Bendigo and Adelaide director since 2018, has stepped in as interim chair. Suncorp Group has completed the bookbuild for its issue of alternative tier 1 securities, Capital Notes 5. It has allocated A$360 million, priced at a margin of 280 basis points over the three-month bank bill swap rate. The transaction size was increased from an initial offer of $300 million. Judo Bank has marked its fifth anniversary as a bank by announcing that it has reached A$10 billion of gross loans and advances. The milestone represents an average annual growth rate of 135 per cent since Judo was granted its banking licence in April 2019. Its term deposit balance stands at $7.5 billion. The bank has more than 4000 business customers.
