Suncorp Metway yesterday priced A$900 million in 2.5 year debt, the first sale of debt in the public market by the bank since Standard & Poor's upgraded its credit rating to A+ for long-term debt.The insurance and banking group sold $600 million in floating rate notes and $300 million in fixed rate notes. It priced both tranches at 110 basis points over swap and the three-month bank bill swap rate, respectively.Commonwealth Bank's market research team noted in its daily review that the bid/cover ratio for the Suncorp tender was 4.58 times.