New Suncorp issue creates opportunities elsewhere

06 April 2017

 

Evans and Partners’ Head of Income Products, Michael Saba,  is suggesting those who are interested in short term investments look at Suncorp CPS 2 (ASX code: SUNPC). He thinks Suncorp’s recent $300 million issue of new capital notes may have caused holders of Suncorp’s other ASX-listed hybrids to sell them in order to fund the new notes. “Subsequently margins have widened on two of the listed Suncorp securities. As shown below,...

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