Post-deal insights: Solid domestic interest supports Suncorp's latest covered bond
- Monday, 20 June 2016
In the wake of Suncorp-Metway (Suncorp)'s fourth domestic covered bond transaction, the issuer reveals that solid domestic participation replaced a temporarily waning, potentially Brexit-induced, offshore bid. However, the selection of the covered-bond instrument, often viewed as a 'rainy-day' product, was not in response to any implied views around political or socioeconomic event risk.
