Post-deal insights: AAI's distribution further emphasises middle-market bid emergence
- Friday, 30 September 2016
The extent of middle-market demand for AAI's recent tier-two offering took even the issuer and its lead managers somewhat by surprise, they tell KangaNews. AAI – Suncorp Group (Suncorp)'s wholly owned insurance subsidiary – capped volume on its most recent trade at A$330 million (US$251.6 million) although the deal was multiple times oversubscribed.
