RNS No 2292b
BENDIGO BANK LTD


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on 09/09/99.

Issue:              BENDIGO BANK LTD (MTN) - SERIES 1
                    US$100,000,000 FRN DUE 11/06/2001
ISIN NO:            XS0087895255
Issue Nominal USD:  100,000,000.00
Period:             13/09/99   To:  13/12/99      Payment Date:  13/12/99
Number of Days:     91
Rate:               5.88625 
Denomination USD:   1,000.00   10,000.00   100,000.00
Amount Payable          
Per Denomination:   14.88      148.79      1,487.91

From:
Jane Slate                              Telephone  44 (0) 1202 34 1286
Capital Markets Fiduciary Services      Facsimile  44 (0) 1202 34 7939


END

RC BLGBCBGGCCCC
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