Suncorp subsidiary launches two tranche debt issue

21 October 2015

 

Suncorp Group’s general insurance subsidiary AAI Ltd will be holding a series of meetings with investors in Australia and Asia in the last week of October. AAI Ltd has an A+ credit rating, the same as Suncorp’s banking subsidiary, Suncorp-Metway Bank, which recently had a dual-tranche 5y fixed and floating issue one week ago. Pricing for that deal was at Swap/BBSW + 125bps. Given A rated Macquarie Bank got a...

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