Strong demand for Suncorp Metway (Suncorp)'s debut covered bond transaction on May 30 – also the first domestic Australian covered bond issue from a borrower outside the big four banks – enabled the issuer to increase the size of its fixed-rate offering and add a floating-rate note (FRN) component. Suncorp says it hopes to use the domestic debut as the springboard for future Swiss franc and euro covered bond issuance.