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BRIEF-Suncorp Group Ltd launches capital notes offer
March 26, 2017 / 9:50 PM / 6 months ago

BRIEF-Suncorp Group Ltd launches capital notes offer

March 27 (Reuters) - Suncorp Group Ltd:

* To issue a new perpetual, subordinated, convertible, unsecured security, suncorp capital notes (capital notes), to raise $250 million

* Capital notes are expected to be quoted and tradable on Australian Securities Exchange

* Issuing capital notes to raise eligible additional tier 1 capital, proceeds of which it expects to use to fund capital needs

* Margin will be determined following the Bookbuild and is expected to be in the range of 4.10 pct–4.30 pct Source text for Eikon: Further company coverage:

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