Suncorp moves first in Australia's new-style tier two market
- Thursday, 18 April 2013
Suncorp-Metway (Suncorp) finalised the margin on Australia's first tier two deal to feature explicit write-down features on April 17. The issuer says the use of a convertible structure did not eliminate institutional demand, but also acknowledges wholesale buyers are still working through the consequences of new tier-to instruments.
