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BRIEF-Bendigo and Adelaide Bank to purchase $1.35 bln of standard residential home loans
September 29, 2016 / 1:42 AM / a year ago

BRIEF-Bendigo and Adelaide Bank to purchase $1.35 bln of standard residential home loans

Sept 29 (Reuters) - Bendigo And Adelaide Bank Ltd

* Purchase was formalised with western australian state government and will be completed by early december 2016

* Bendigo and Adelaide Bank will undertake a non-underwritten share purchase plan (spp) in october 2016

* Co and Adelaide Bank agreed to purchase $1.35 billion of standard residential home loans from keystart housing scheme trust

* Transaction will be roe and eps accretive for bank Source text for Eikon: Further company coverage:

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