Brief: Suncorp Group Launches Wholesale Additional Tier 1 Capital

Suncorp

29/04/2026 02:19

April 29 (Reuters) - Suncorp Group Ltd SUN.AX:

SUNCORP GROUP LAUNCHES WHOLESALE ADDITIONAL TIER 1 CAPITAL

LAUNCH OF INAUGURAL OFFER FOR NEW AU DOLLAR DENOMINATED PERPETUAL, NON-CUMULATIVE, CONVERTIBLE, UNSECURED, SUBORDINATED DEBT OBLIGATIONS

EXPECTS TO USE PROCEEDS FROM ISSUE OF WHOLESALE CAPITAL NOTES TO FUND ADDITIONAL TIER 1 CAPITAL

PRICING FOR WHOLESALE CAPITAL NOTES WILL BE DETERMINED BY BOOKBUILD PROCESS AND EXPECTED TO TAKE PLACE ON 29 APRIL

WHOLESALE CAPITAL NOTES TO BE OFFERED TO INSTITUTIONAL INVESTORS, OTHERS AT NOTIONAL FACE VALUE OF A$10,000 PER NOTE

TO USE PROCEEDS FROM ISSUE OF WHOLESALE CAPITAL NOTES TO FUND ADDITIONAL TIER 1 CAPITAL OF ONE OR MORE REGULATED ENTITIES WITHIN CO

Further company coverage: SUN.AX

 ((Reuters.Briefs@thomsonreuters.com;))