BENDIGO AND ADELAIDE BANK RETAIL BONDS SERIES 1
| Minimum Investment | $5,000 |
| Expected Close | 29/03/2011 |
Bendigo & Adelaide Bank Retail Bonds Series 1 (BENHA)
You may have recently seen the press announcements regarding Bendigo & Adelaide Bank’s Retail Bond Offering.
Term deposit rates with greater liquidity
With the Bendigo 3 year term deposit rate currently sitting at 6.35%pa, this bond is offering similar yields with the added benefits of daily liquidity on the ASX should investors need to access their capital and a floating rate, allowing investors to participate in the much anticipated rise in interest rates.
Investors looking for an allocation should contact us to request a prospectus on 1300 55 98 69 (no fees apply).
Call us on 1300 559 869 to apply for an allocation.
Key features
- Guaranteed Allocation – Investors applying through Wealth Focus will be given a guaranteed allocation (forms need to be returned via our office).
- Market Cap. – The offer is to raise approximately $250 Million, with the ability to raise more or less. The bonds will be traded on the ASX.
- Income – Bendigo & Adelaide Bank Bonds provide holders with quarterly distributions. The distribution rate will be set at 1.40% over the 90 day Bank Bill Swap Rate (4.94% as of 22nd February) for a current rate of 6.34%pa.
- Lower Risk – Investors familiar with Hybrid issues will draw some parrallels with the income and trading on the ASX. However, it should be noted that Bendigo & Adelaide Bank Bonds represent enhanced security to investors over Hybrids.
- Minimum Investment – $5,000
- Issue Price – $100 per bond
- Closing Date – 8th March 2011
Find out more
If you would like further information on the Bendigo and Adelaide Bank Retail Bond Series 1, please click on the links below:
Then call us on 1300 559 869 to apply for an allocation.
Best regards
Sulieman Ravell
Wealth Focus Pty Ltd
What do we get paid?
Wealth Focus will receive up to 0.5% commission of the amount invested. This commission is paid by the product issuer and is NOT an additional charge to the investor.
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