Press Release

24 February 2017

Suncorp Bank prices upsized $1.25 billion RMBS issue

Suncorp Bank today confirmed it had finalised pricing for the APOLLO Series 2017-1 Trust transaction, which was upsized from $500 million following its launch on 20 February, 2017.

After investor meetings in London, Melbourne, Sydney and Brisbane, a total of 60 bids from investors were received from Asia, UK, New Zealand and Australia.

All six classes of notes were offered to the market and priced as follows:

Note

Amount

Price

Class A Notes

A$1,150,000,000

BBSW + 113bps

Class AB Notes

A$ 48,125,000

BBSW + 190bps

Class B Notes

A$ 21,250,000

BBSW + 235bps

Class C Notes

A$ 15,625,000

BBSW + 315bps

Class D Notes

A$ 6,875,000

BBSW + 400bps

Class E Notes

A$ 8,125,000

BBSW + 600bps

Suncorp Banking & Wealth CEO David Carter said the transaction demonstrates Suncorp's strong position in the market, and ability to access a diversified group of investors onshore, and offshore.

"Suncorp has now completed 22 APOLLO transactions since 1999. It forms an important part of our diversified funding program, supporting the strength of the balance sheet and profitable growth," Mr Carter said.

"It is also reflective of the quality of Suncorp Bank residential mortgage backed securities and the value placed upon the APOLLO program by investors."

National Australia Bank arranged the transaction and was Joint Leader Mangers alongside ANZ, Deutsche bank and Macquarie Bank.

Ends For more information contact:

Media Alexandra Foley 0419 794 294

Suncorp-Metway Limited - ABN 66 010 831 722 - GPO Box 1453, Brisbane QLD 4001

www.suncorpgroup.com.au 1

Suncorp Group Ltd. published this content on 24 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 February 2017 05:28:09 UTC.

Original documenthttp://www.suncorpgroup.com.au/sites/default/files/pdf/news/Media Release - APOLLO transaction - February 2017.pdf

Public permalinkhttp://www.publicnow.com/view/3719DD5548A3B7BD26925BABC235FD4B5003E007