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Suncorp Bank raises US$500M of debt
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Suncorp-MetwayLtd., also known as Suncorp Bank, raised US$500 million in afixed-rate senior unsecured debt transaction.
The transaction was priced with a three-year maturity at U.S.Treasuries plus 110 basis points, the company said April 27. The transactionwas oversubscribed with the order book running in excess of US$1.8 billion andmore than 88 investors subscribing.
Citibank, Deutsche Bank Securities, Royal Bank of Canada CapitalMarkets and UBS Investment Bank jointly led the transaction.