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Suncorp launches wholesale subordinated-notes deal

Wednesday, 29 August 2018

Suncorp Group (Suncorp) (A/A2/A+) launched its Australian dollar denominated, 10.25-year non-call 5.25-year, wholesale subordinated-notes transaction on 29 August. Indicative price guidance for the forthcoming deal is 220-225 basis points area over three-month bank bills. The notes are expected to be rated BBB+/A-.

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