Suncorp floating rate notes prove popular

15 October 2015

 

Recently Suncorp embarked on a series of investor briefings and as expected the bank announced a two-tranche issue of 5y fixed- and floating-rate bonds. Demand for the floating-rate component seems to have increased the total size of the issue from what was initially indicated, around $400m-$500m, to the announced $750m. The strong demand has also flowed through to the pricing with the initial guidance around Swap + 130bps but final...

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