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News: MYS MyState Ltd says MyState Bank prices debt issue

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    21/09/16
    17:00
    Post #: 19322090

    Sept 21 (Reuters) - MyState Ltd (MYS) :

    • MyState Bank Limited successfully prices tier 2 $10M subordinated debt issue
    • Notes will pay interest quarterly at a floating rate equal to three-month

      bank bill swap reference rate plus a margin of 4.25% per annum

    • Under the Australian prudential regulation authority's (apra) capital

      adequacy framework the notes will qualify as tier 2 capital

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