Briefs: New EGM at NAB Asset Servicing, Suncorp issues five-year notes in the domestic market, Peppe
National Australia Bank has appointed John Comito as executive general manager of NAB Asset Servicing. Comito has spent the past 21 years at NAB, where he was most recently chief risk officer, product and markets. Before that he was executive general manager for the financial institutions group. Suncorp Bank has issued A$750 million of five-year senior unsecured debt at a margin of 138 basis points over the three-month bank bill swap rate. The issue is made up of $600 million of floating rate notes and $150 million of fixed-rate notes. It is the bank's first domestic senior unsecured term transaction this year. The bank said 73 investors participated in the issue. Pepper Group has refinanced a A$60 million portion of a 2014 securitisation, PRS 12. The notes, backed by non-conforming loans, were priced at 155 basis points over the one-month bank bill swap rate, which compares favourably with the senior Australian dollar tranche of Pepper's latest securitisation, which priced at 170 bps over the swap rate.