JDO.ASX: Judo Bank Tier 2 Subordinated Notes Issuance

Judo Bank Tier 2 Subordinated Notes Issuance

Stock	Judo Capital Holdings Ltd (JDO.ASX)
Release Time	30 Sep 2025, 3:39 p.m.
Price Sensitive	Yes

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Judo Bank Prices $150M Tier 2 Subordinated Notes

Key Points

Judo Bank prices new $150M Tier 2 Subordinated Notes
10-year (Non-Call 5) notes priced at 215 bps over 3-month BBSW
Pricing represents 120 bps improvement over previous Tier 2 issuance

Full Summary

Judo Capital Holdings Limited, the parent company of Judo Bank (ASX:JDO), has announced the pricing of a new $150 million Tier 2 Subordinated Notes transaction. The 10-year (Non-Call 5) Subordinated Notes have been priced at 215 basis points over 3-month BBSW. Judo's Chief Executive Officer, Chris Bayliss, stated that the company is very pleased with the outcome of this transaction, which received strong investor support and was significantly oversubscribed. The pricing represents an improvement of 120 basis points compared to Judo's previous Tier 2 issuance in October 2024, reflecting the company's strengthening credit profile and favourable market conditions. Judo remains focused on optimising its capital structure while maintaining high levels of capital to support continued above-system lending growth towards its at-scale metrics.