Suncorp Group Launches Offer for Additional Tier 1 Capital Notes

MT Newswires Live
04/29

Suncorp Group (ASX:SUN) launched an offer for Australian dollar-denominated perpetual, convertible notes to fund additional Tier 1 capital within the group, according to a Wednesday filing with the Australian bourse.

The unsecured, subordinated notes will be offered to institutional and wholesale investors at a face value of AU$10,000 per note, with a potential minimum subscription amount of AU$500,000, per the filing.

The notes are expected to be priced on Wednesday.

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