On Monday 11 May 2020, Suncorp issued an Exchange Notice to CPS3 Holders for the Resale of the remaining ~$193 million issued by Suncorp on 8 May 2014.
On 17 June 2020, all CPS3 on issue will be mandatorily purchased by a nominated purchaser for $100 per CPS3.
Suncorp has exercised its option to exchange the residual CPS3, providing it with the ability to convert up to $194 million in equity and increase its excess capital position.
