Suncorp Group Launches Australian Dollar-Denominated Tier 2 Subordinated Notes Offer

MT Newswires Live

May 13

Suncorp Group (ASX:SUN) launched an offering of Australian dollar-denominated wholesale Tier 2 subordinated notes due 2037, expected to be priced on Wednesday, according to a same-day filing with the Australian bourse.

The company expects to use the proceeds to fund Tier 2 capital within the Suncorp group and for general funding purposes, per the filing.

The notes will be offered to institutional and wholesale investors at a minimum subscription amount of AU$500,000, with no right for holders to seek early redemption.

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