Bendigo & Adelaide Bank Ltd.ASX: BEN

BEN launches capital raising

· Issued by Bendigo & Adelaide Bank Ltd.

Filed with ASX · · 49 pages · English

BEN’s shares have been placed in a trading halt to enable the Placement to be completed, with trading expected to recommence on 18 February 2020. BEN is seeking to raise $300 million to support the growth it is experiencing in its residential mortgage business, further strengthen its balance sheet and provide an increased buffer above APRA’s “unquestionably strong” CET1 capital ratio requirements

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