UPDATE 1-Australia's Bendigo Adelaide to raise about A$300mln

* Bendigo and Adelaide Bank to raise about A$300 mln

* Raising at fixed price of A$6.75 each

* Annual profit down 58 percent to A$83.8 million (Adds details)

SYDNEY, Aug 10 (Reuters) - Australian regional lender Bendigo and Adelaide Bank Ltd (BEN.AX) plans to raise about A$300 million ($250 million) by selling new shares to boost capital, in a sign Australian lenders are still facing the stress of a slowing economy.

Bendigo and Adelaide Bank plans to sell new shares at A$6.75 each, a 17 percent discount to its last traded price, the company said in a statement on Monday.

The bank is raising A$130 million in a share placement and the rest through a rights offer. Bendigo and Adelaide Bank shares were placed on a trading halt on Monday to undertake the capital raising.

Australian lenders have fared better compared to their global peers in the global financial crisis. But a slowing economy and rising bad debts have forced all the banks to raise equity to strengthen their balance sheets.

Bendigo and Adelaide Bank also reported a 58 percent fall in its full-year earnings to A$83.8 million.

JP Morgan and Macquarie Group were joint underwriters for the share sale, a source with the direct knowledge of the matter told Reuters. ($1=A$1.20) (Reporting by Denny Thomas;)