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Global law firm King & Wood Mallesons has advised Suncorp on a notes issue that raised a quarter of a billion dollars from investors.
Firm: King & Wood Mallesons (Suncorp)
Area: Banking and finance
Value: $250 million
Key players: The KWM team was led by partners Ian Paterson and Rhys Casey, who were supported by senior associates Matt McKeown and Kathryn Tomasic and solicitors Andrew Chong and Shannon O’Brien.
Deal significance: The wholesale subordinated notes are being issued, KWM said in a statement, as part of Suncorp’s ongoing funding and capital management strategy, the proceeds of which are expected to be used to fund Tier 2 Capital of one or more regulated entities within the Suncorp group and for general funding purposes.
Speaking about the deal, Mr Casey said: “Our team is proud to have supported Suncorp on this Tier 2 transaction, which included some innovative design features.”
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
You can email Jerome at:
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