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Suncorp advised on $300m Capital Notes offer
Banking and finance corporation Suncorp has been advised on its latest Capital Notes offer, which has raised $300 million under the broker firm and institutional components of the offer.
Jerome Doraisamy
Firm: King & Wood Mallesons (Suncorp Group Limited).
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Deal: Suncorp was advised by KWM on its latest Capital Notes offer, which – following a successful bookbuild process – raised $300 million under the broker firm and institutional components of the offer.
Area: Corporate.
Value: $300 million.
Key players: The KWM team was led by partners Ian Paterson and Rhys Casey, with support from senior associates Andrew Fei, John Arthur and Isaac Evans and solicitors Victoria Costa and Emily Travers-Jones.
Tax advice in relation to the offer was provided by partner David Wood and senior associate Frankie Barbour.
Deal significance: Speaking about the transaction, Mr Casey said: “We are pleased to have advised Suncorp on this hybrid capital raising. The raising achieves a number of objectives for Suncorp, including the refinancing of their earlier preference share transaction at a competitive margin.”
