Australia-based IMB Ltd., which trades as IMB Bank, issued A$70 million of floating-rate subordinated notes in two tranches, Moody's said May 29.
The issue comprises A$30 million of notes due June 15, 2026, and A$40 million of notes due May 26, 2027. The notes qualify as Tier 2 capital and are subject to write-off at the point of non-viability.
