Latest Suncorp hybrid to pay around 5.35%

03 November 2017

 

Last week, Suncorp announced it would be issuing $250 million worth of Suncorp Capital Notes 2 (ASX code: SUNPG). Suncorp has now announced the margin above BBSW for distribution payments on the new capital notes. As has been the usual practice for hybrid issues in recent years, the margin on Suncorp’s latest hybrid has been set at the lower bound of the range. The indicative range was 3.65%-3.85% and hence...

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