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Suncorp-Metway prices tenders for £516.82 million 4% notes due 2014
By Susanna Moon
Chicago, July 10 - Suncorp-Metway Ltd. said holders had tendered £516,821,000 of its £750 million 4% guaranteed notes due 2014 in the offer that ended at 11 a.m. ET on July 9. The offer began July 2.
The company will pay 101.864% of par for the notes. Pricing for the offer was set at 5 a.m. ET on July 10, with the benchmark rate and purchase yield set at 0.292%.
Holders also will receive accrued interest.
After settlement on July 16, there will be £233,179,000 of the notes outstanding.
Deutsche Bank AG, London Branch (+44 20 7545 8011, attn: liability management group, or email liability.management@db.com) and UBS Ltd. (+44 20 7567 0525, attn: liability management group, or email ol-liability-management@ubs.com) are the dealer managers. Lucid Issuer Services Ltd. is the tender agent (+44 20 7704 0880, attn: David Shilson, or email suncorp@lucid-is.com).
Suncorp-Metway is a finance, insurance and banking group based in Brisbane, Australia.
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