Suncorp Metway prices two-tranche 2013 bond

On November 23 Suncorp Metway (Suncorp) (A+/A1/A+) priced a A$900 million (US$886.9 million) two-tranche June 2013 transaction via Deutsche Bank and UBS Investment Bank. The A$300 million fixed rate notes and A$600 million floating rate notes priced at 110 basis points over swap and the three-month bank bill swap rate, respectively.