Suncorp Group has completed a A$290 million issue of wholesale subordinated notes, priced at a margin of 230 basis points over the three-month bank bill swap rate (currently 18 bps). The notes have a term of 15.2 years and Suncorp has the option of redeeming them in June 2027 and each interest payment date after that. Suncorp said bids exceeded $1 billion from more than 50 investors in Australia, New Zealand and Asia. NAB Ventures has participated in a A$12 million funding round for payments processing start-up DataMesh. NAB Ventures said in a statement that the potential of DataMesh’s technology is that it allows merchants to accept a wide range of payment methods and provide a customer view online and in-store with enhanced data analysis. Retailer Peregrine Corp is DataMesh’s main customer. The portfolio manager of Perpetual Investment Management’s Perpetual Loan Fund and head of Corporate High Yield, Anne Moal, has resigned and will leave the company in June. Perpetual credit management veteran Michael Korber will take over both roles. Moal joined Perpetual in 2014, after 10 years in the global markets division at Deutsche Bank AMP non-executive director John O’Sullivan will step down from the AMP Limited and AMP Bank boards next month. O’Sullivan joined the AMP boards in 2018. He is stepping down to chair a new business for Cromwell Property Group, the Australian Real Estate Investment Trust.