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Suncorp Group Limited (ASX:SUN) has launched a $350 million capital raising through an offer of convertible preference shares.
The general insurance provider plans to deploy the funds to general corporate, funding and capital management purposes.
Chief Financial Officer John Nesbitt says the offer will help Suncorp maintain its strong capital position and further enhance the quality and mix of its regulatory capital.
The preference shares offer will be made available to institutional investors, current shareholders and the general public in Australia and is expected to open next week.
Suncorp Group boosted its net profit by 60 per cent to $728 million in fiscal 2012.
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Last
$19.70 |
Change
0.030(0.15%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.59 | $19.71 | $19.48 | $35.18M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2065 | $19.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.70 | 80233 | 7 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
