Sept 20 (Reuters) - Suncorp (SUN) :
- PRICES A$600 MILLION WHOLESALE SUBORDINATED NOTES 5
- DEMAND FOR THE OFFER WAS 3 TIMES OVERSUBSCRIBED FROM MORE THAN 80 INVESTORS ACROSS AUSTRALIA, ASIA AND EUROPE
- WHOLESALE SUBORDINATED NOTES 5 HAVE A TERM OF 10.75 YEARS, WITH A MATURITY DATE ON 27 JUNE 2034
- MARGIN FOR NOTES HAS BEEN SET AT +235 BASIS POINTS OVER 3-MONTH BANK BILL SWAP RATE
- EXPECTS TO USE PROCEEDS FROM ISSUE OF NOTES TO FUND TIER 2 CAPITAL OF ONE OR MORE REGULATED ENTITIES WITHIN GROUP
- WHOLESALE SUBORDINATED NOTES 5 ARE EXPECTED TO BE ISSUED ON OR AROUND 27 SEPTEMBER 2023
Sept 20 (Reuters) - Suncorp (SUN) : PRICES A$600 MILLION...
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