52LR Sthn.pac.42a2aa

RNS Number:2512C
Bendigo Bank Ld
9 December 1999



To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
09/12/99.

Issue: BENDIGO BANK LTD (MTN) - SERIES 1
       US$100,000,000 FRN DUE 11/6/2001

ISIN NO: XS0087895255                       
Issue Nominal USD:  100,000,000.00
Period:             13/12/1999   To  14/03/2000    Payment Date 14/03/2000
Number of Days:     92
Rate:               6.495                     
Denomination USD:   1,000.00      10,000.00      100,000.00
Amount Payable
Per Denomination:   16.60         165.98         1,659.83

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


END
RC BXBBDSGGCCCC

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