Briefs: Westpac completes LMI sale, Suncorp upsizes hybrid issue 02 September 2021 5:29AM Banking Day staff Briefs, Westpac, M&A, Lenders mortgage insurance, Suncorp-Metway, Hybrids Westpac has completed the sale of its lenders mortgage insurance business to Arch Capital Group. As part of the sale, the bank has entered into an exclusive 10-year supply agreement with Arch. The bank said it will record a loss from the sale in its 2020/21 accounts. Suncorp has completed the bookbuild for its latest hybrid issue, Capital Notes 4, increasing the offer size from A$350 million to $375 million. The margin has been set at 290 bps.