Auswide Bank Ltd. (AU:ABA) has released an update.
Auswide Bank Ltd has successfully priced a $20 million Tier 2 Subordinated Debt Fixed Rate Note (FRN) Issuance that was oversubscribed, reflecting strong market demand. Issued under the bank’s existing Debt Issuance Program with Laminar Capital as the lead manager, this move is intended to bolster the bank’s capital position to support the expansion of its housing and consumer loan portfolios. Auswide Bank, listed on the ASX since 2015, provides a wide array of personal and business banking services.
For further insights into AU:ABA stock, check out TipRanks’ Stock Analysis page.
