Suncorp mandates long-awaited domestic covered bond debut
- Monday, 21 May 2012
The first covered bond issue from an Australian bank outside the big four will, subject to market conditions, be a domestic transaction from Suncorp Metway (Suncorp). Having had provisional ratings attached to the deal on May 21, the bank mandated a lead manager group on May 29 and announced its plans to issue a four- or five-year deal with "a strong bias for a fixed tranche".
