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AAI to issue A$330M of subordinated notes

Suncorp GroupLtd. unit AAILtd. will raise A$330 million via wholesale, floating-rate notes.

The subordinated notes were priced with a margin of 3.20%over the three-month Bank Bill Swap Rate.

The notes will be issued on or about Oct. 6. The maturitydate is Oct. 6, 2042.

Proceeds from the issue will be used for general corporatepurposes and will form part of AAI's shareholders' funds investment portfolio.

As of Sept. 26, US$1was equivalent to A$1.31.