Suncorp-Metway prices debut guaranteed Samurai

On June 24 Suncorp-Metway (Suncorp) (A/A1/A+) priced its debut Samurai bond deal - a single tranche two-year floating rate note totalling ¥13 billion (US$135.5 million) - at 30 basis points over three-month yen-Libor. The government-guaranteed transaction, which matures on June 30 2011, was led by joint bookrunners Nomura Securities (Nomura) and Nikko Citigroup.