Suncorp closes buyback offer with A$883 million retired

On February 8 Suncorp Bank (Suncorp) closed its offer to repurchase as much as A$1 billion (US$1.03 billion) of outstanding September 2013 maturity government-guaranteed bonds, with A$883.2 million expected to be retired as a result. The offer covered two-thirds of the bank's total domestic guaranteed issuance which has not already matured.