52LR Sthn.pac.42a2aa

RNS No 6912t
BENDIGO BANK LIMITED
9th September 1998


To:    Company Announcements Office

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

Issue:              Bendigo Bank Ltd (MTN) - Series 1
                    US$ 100,000,000 FRN Due 11-06-2001
ISIN NO:            XS0087895255
Issue Nominal:      USD 100,000,000.00
Period:             11-Sep-98  To  11-Dec-98
Number of Days:     91
Rate:               5.96094
Denomination:       USD 1,000.00    USD 10,000.00   USD 100,000.00
Amount Payable      
Per Denomination:   14.86           148.62          1,486.15


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


END

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