Judo Bank prices A$150m subordinated notes, showing strong investor confidence

Judo Bank today announced the pricing of a new A$150 million Tier 2 Subordinated Notes transaction. The 10-year (Non-Call 5) notes were priced at 215 basis points over 3-month BBSW. The settlement date for this transaction is October 8, 2025.

Chris Bayliss, Judo's chief executive officer, noted the transaction received strong investor support and was significantly oversubscribed. This pricing marks a 120 basis point improvement compared to their previous Tier 2 issuance in October 2024, reflecting Judo's enhanced credit profile and favorable market conditions.

The bank emphasized its ongoing commitment to optimizing its capital structure and sustaining high levels of capital to support continued lending growth, aligning with its at-scale metrics.