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Suncorp issues $444 million RMBS

Staff Reporter 1 minute read

Suncorp yesterday raised $444 million in its second RMBS deal for 2008.

The deal consisted of Australian prime floating rate RMBS; $400 million of which were Class A notes, rated AAA by Standard & Poor’s.

The remaining $44 million were Class B Notes rated AA- by Standard & Poor’s.

The securities were priced at 1.3 percentage points over the one month BBSW.

Published: 11-09-08

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