On 29 April, Suncorp-Metway (Suncorp) (A+/A1/A+) revealed plans for a new, three-year, domestic floating-rate note (FRN) transaction. The deal is expected to launch as early as 30 April and is being marketed in the area of 74 basis points over three-month bank bills. ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank have been appointed joint bookrunners.