AAI prints A$330 million in its latest domestic tier-two transaction [UPDATED]
- Tuesday, 27 September 2016
On September 27, AAI (A+/A1/A+), Suncorp Group's insurance subsidiary, printed A$330 million (US$252.9 million) in a new, minimum subordinated tier-two transaction. The 26-year non-call six-year notes are rated BBB+/A3/A. Initial price guidance was in the area of 320 to 330 basis points over three-month bank bill swap rate (BBSW).
