Suncorp does A$1 billion 2013 as pricing stabilises
- Tuesday, 08 September 2009
The A$1 billion (US$855.9 million) of four-year paper priced by Suncorp-Metway (Suncorp) (A/A1/A+) on September 8 appears to indicate a slowing down of the rapid price contraction seen over recent weeks. The deal offered A$200 million of fixed rate paper at a margin of 38 basis points over swap and A$800 million of floating rate notes at the same margin to bank bill swap rate (BBSW).
