RNS No 5658n
BENDIGO BANK LTD
9 June 1999

To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
09/06/99.

Issue:              BENDIGO BANK LTD (MTN) - SERIES 1
                    US$100,000,000 FRN DUE 11/6/2001
ISIN NO:            XS0087895255       Payment Date         13/09/1999
Issue Nominal USD:  100,000,000.00
Period:             11/06/99  To  13/09/99
Number of Days:     94  
Rate:               5.475              
Denomination USD:   1,000.00            10,000.00           100,000.00    
Amount Payable          
Per Denomination:   14.30               142.96              1,429.58    


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


END


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