Suncorp Group (ASX: SUN) today announced the successful completion of the Bookbuild for the Suncorp Capital Notes (Prospective ASX Code: SUNPF). Due to strong investor demand, the final margin was set at bottom of the indicated range (4.10 - 4.30%) at 4.10% p.a. over the 3-month Bank Bill Swap Rate (90BBSW).
SUN has allocated $300 million of the notes under the Broker Firm Offer and Institutional Offer with the final size of the offer dependent on applications received and accepted under the Security Offer.
A replacement prospectus is expected to be lodged with the Australian Securities and Investments Commission (ASIC) on the 4th of April 2017.
Click here to access our Full Research Report.