52LR Sthn.pac.42a2aa

RNS No 8101h
BENDIGO BANK LIMITED

To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
09-12-98.

Issue:              Bendigo Bank Ltd (MTN) - Series 1
                    US$100,000,000 FRN Due 11/6/2001

ISIN NO:            XS0087895255        Payment Date   11/03/1999
Issue Nominal USD:  100,000,000.00
Period:             11/12/1998          To          11/03/1999
Number of Days:     90
Rate:               5.61625             PCT
Denomination USD:   1,000.00     10,000.00        100,000.00
Amount Payable      
Per Denomination:   14.04        140.41           1,404.06


From:
Jane Slate 
Global Trust Services, 380B
Telephone           44 (0) 1202 341286
Facsimile           44 (0) 1202 347939


END


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