Suncorp Metway (Suncorp) (A+/A1/A+) issued a new A$650 million (US$686.1 million) domestic May 2014 floating rate bond on May 24. It is the second public debt offering from a regional bank this year, and the first in senior unsecured format. The transaction follows a A$200 million lower tier two subordinated issue from Bank of Queensland (BBB+/A2/BB+) on May 5.
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