You are here

Australia's Suncorp to sell A$250 million hybrid issue

Sydney

AUSTRALIAN insurer Suncorp Group plans to raise around A$250 million (S$438 million) of hybrid securities to strengthen its capital base, it said on Monday, with the bank hoping to tap piles of cash looking for a higher-yielding home.

The offer consists of additional tier 1

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom