52LR Sthn.pac.42a2aa

RNS No 7906v
BENDIGO BANK LTD


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
09-03-99.

Issue:              BENDIGO BANK LTD (MTN) - SERIES 1
                    US$100,000,000 FRN DUE 11/6/2001
                    
ISIN NO:            XS0087895255        Payment Date  11/06/99
Issue Nominal USD:  100,000,000.00
Period:             11-03-99     To     11-06-99
Number of Days:     92  
Rate:               5.375           
Denomination USD:   1,000.00       10,000.00      100,000.00
Amount Payable          
Per Denomination:   13.74          137.36         1,373.61

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


END

RC BXGBXCDGCCCC

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