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BRIEF-Bendigo And Adelaide Says Capital Raising Comprises Fully Underwritten $250 Million Institutional Share Placement

Published 17/02/2020, 12:31 pm
© Reuters.  BRIEF-Bendigo And Adelaide Says Capital Raising Comprises Fully Underwritten $250 Million Institutional Share Placement

Feb 17 (Reuters) - Bendigo and Adelaide Bank Ltd BEN.AX :

* BENDIGO AND ADELAIDE - CAPITAL RAISING COMPRISES FULLY UNDERWRITTEN $250 MILLION INSTITUTIONAL SHARE PLACEMENT

* BENDIGO AND ADELAIDE BANK- OFFER EXPECTED TO ADD ABOUT 67 TO 81 BASIS POINTS TO BEN'S LEVEL 2 CET 1 CAPITAL RATIO

* BENDIGO AND ADELAIDE BANK - CAPITAL RAISING ALSO INCLUDES NON-UNDERWRITTEN SPP TO RAISE ABOUT $50 MILLION

* BENDIGO AND ADELAIDE BANK LTD- PLACEMENT WILL BE UNDERTAKEN AT A FIXED PRICE OF $9.34 PER NEW SHARE

* BENDIGO AND ADELAIDE BANK - PLACEMENT WILL RESULT IN ABOUT 26.8 MILLION NEW SHARES BEING ISSUED

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