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Suncorp-Metway adds A$300 mln to 2011 FRN issue

Tue Jun 17, 2008 10:04pm EDT

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SYDNEY, June 18 (Reuters) - Australian financial services group Suncorp-Metway Ltd (SUN.AX) on Wednesday issued a further A$300 million ($283 million) of its 2011 floating rate notes, lead manager UBS Investment Bank said.

The senior debt maturing on May 30, 2011 was priced at a reoffer margin of 130 basis points over the 90-day swap reference rate.

The debt is rated A+ by Standard & Poor's and Aa3 by Moody's. (Reporting by Wayne Cole; Editing by Jonathan Standing)



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