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Suncorp Bank Prices US$600m 144a Senior Unsecured Debt Transaction

22 April 2015

Suncorp Bank today confirmed it had priced a USD 144a fixed rate senior debt transaction of US$600m with a five year maturity at US Treasuries (UST) plus 103bps.

The transaction was over subscribed with the order book running in excess of US$1.30B and more than 70 investors participating. Initial price guidance was UST plus 115bps.

The transaction was jointly led by Citibank, Deutsche Bank Securities, Royal Bank of Canada and UBS Investment Bank.

Suncorp Bank Chief Financial Officer, David Carter, said the transaction formed part of the Bank’s ongoing diversified onshore and offshore funding program.

“Suncorp Bank provides consumers a genuine banking alternative to the major banks. We are proud to execute a successful 144a transaction to further bolster our funding mix and demonstrate our ability to tap a range of global funding markets,” Mr Carter said.

“This deal attracted a diverse group of private, fund managers and government investors across funds, insurance, corporate and pension market sectors following our recent roadshow throughout Asia and the United States.

“We’re pleased with the uptake of this issue, and the solid support from the international investment management community. Investors were spread widely across Asia, the Middle East, Europe and the United States. This trade continues to lengthen our balance sheet and support profitable growth for Suncorp Bank.”

Media Contact: Ashleigh Paterson 07 3135 2562 or 0407 925 665

About Suncorp: Suncorp Group includes leading general insurance, banking, life insurance and superannuation brands in Australia and New Zealand. The Group has 14,500 employees and relationships with nine million customers. Suncorp Group Limited is a Top 15 ASX-listed company with $94 billion in assets. Suncorp Bank is Australia’s leading regional bank servicing more than one million personal, SME and agribusiness customers.

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