Investment Opps

Suncorp issue CPS3 Capital Notes (SUNPH)

Fixed Income, Investment Opps

Suncorp Group Limited announced its offer of Capital Notes 3 of $300 million of Capital Notes 3 under the Broker Firm Offer and Institutional Offer on a firm basis. The Margin has been set at 3.00% p.a., the bottom of the Margin range of 3.00% - 3.20% p.a. indicated at launch. The final size of the Offer will depend on the volume of Applications received and accepted under the Reinvestment Offer and the Security holder Offer with Suncorp reserving the right to scale back Applications or increase the final size of the Offer if there is excess demand.

Steve Johnston, Suncorp Group Chief Executive Officer said, “We received strong demand and are pleased with the level of investor support shown for the Offer.” Full details of this investment opportunity and the terms and conditions of Capital Notes 3, including the Margin and increased Offer size, are set out in the replacement Prospectus which will be lodged with the Australian Securities and Investment Commission (ASIC) and Australian Securities Exchange on 19 November 2019.

Eligible CPS3 Holders wishing to apply to reinvest their CPS3 in Capital Notes 3 should complete the Application Form (either electronic or paper) included in or accompanying the replacement Prospectus.

The replacement Prospectus will be available at , or by calling the Suncorp Capital Notes 3 Offer Information Line (details below). Investors should read and consider the Prospectus in full before deciding whether to apply for Capital Notes 3.

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