Summary: Suncorp to issue new hybrid security, SUNPJ; issue margin of 2.80%; expected to initially pay around 7.15% (annualised, including franking credits); first call date in June 2030; trading expected to begin on 15 May 2024. In recent years, when one of a company’s existing hybrids approaches its first call date (or first optional exchange date), speculation turns to the likelihood of a replacement hybrid security. A replacement security makes...