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

Tuesday, March 28, 2017 - 05:50


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

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