RNS Number:4212V
Bendigo Bank Ld
7 December 2000


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
07-Dec-2000.

Issue:               Bendigo Bank Ltd (MTN) - Series 1
                     US$100,000,000 FRN Due 11/6/2001
ISIN NO:             XS0087895255                      
Issue Nominal USD:   100,000,000.00
Period:              11-Dec-2000   To  13-Mar-2001   Payment Date   13-Mar-2001
Number of Days:      92
Rate:                6.9525                       
Denomination USD:    1,000.00        10,000          100,000
Amount Payable
Per Denomination:    17.77           177.67          1,776.75


From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7945
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