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Suncorp Bank offers debt transaction worth A$750M

Suncorp-MetwayLtd. said April 7 that it is selling a five-year senior unsecureddebt transaction of A$750 million.

The transaction was priced at 138 basis points over thethree-month Bank Bill Swap Rate.

The offering consisted of a A$600 million floating-rate andA$150 million fixed-rate bonds with a five-year maturity.

Commonwealth Bank of Australia, National Australia Bank, RBCCapital Markets and UBS Investment Bank jointly led the transaction.

As of April 7, US$1was equivalent to A$1.33.