Suncorp launches one-year FRN domestic deal

On 29 August, Suncorp-Metway (Suncorp) (A+/A1/A+) launched a one-year Australian dollar denominated floating-rate note (FRN) deal. Indicative price guidance for the forthcoming transaction is 43 basis points area over three-month bank bills. Pricing is expected on the day of launch, according to joint lead managers ANZ and Commonwealth Bank of Australia.