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BEN opens Convertible Preference Shares 2 offer


Bendigo and Adelaide Bank ("BEN") today announced the opening of the Bendigo and Adelaide Bank Convertible Preference Shares 2 Offer including the Reinvestment Offer ("Offer").

A replacement Prospectus, which includes the Margin of 3.20 per cent per annum as determined under the Bookbuild, the increased Offer size of $250 million following the Bookbuild and other ancillary changes, has been lodged today with ASIC and released to the ASX ("Prospectus").

Investors may request a copy of the Prospectus by calling the CPS2 Information Line on 1300 722 018 (within Australia) or +61 3 9415 4814 (outside of Australia) between 9.00am and 5.00pm (Melbourne time) or by visiting