New Suncorp notes to start at 5.90%

27 March 2017

 

Just one day after Suncorp announced it would be issuing a new series of ASX-listed hybrids, it has announced the margin on its new capital notes (ASX code: SUNPF). The company had initially sought to raise $250 million, an amount brokers described as on the small side but after Suncorp received additional demand for the hybrids, the book-build was closed earlier than scheduled and the company allocated $300 million under...

read full story