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 dual tranche fixed and floating deal away at Swap/BBSW + 105bps in the last day or so, it would seem that A+ rated AAI Ltd should be able to issue at a lower rate this time around.