Difference in Investor Markets on Stark Display in Bank Capital
Suncorp issued a new Tier 2 capital instrument earlier this week with the wholesale 10 year, non-call 5 year security issued at a margin of 2.30%. Issued into the wholesale market with Austraclear settlement, the bond is generally bought and traded by Institutional investors or investors that qualify as wholesale sophisticated investors. These investors typically mark their portfolios to market [...]