Suncorp 2034 Tier 2 subordinated floating rate note (AU3FN0081386)
An AUD Tier 2 subordinated floating rate bond issued by Suncorp Group Limited, paying BBSW + 2.35% quarterly, maturing 2034-06-27, callable by the issuer from 2029-06-27; about AUD 600m outstanding.
| Issuer | Suncorp Group Limited |
| ISIN | AU3FN0081386 |
| Type | Floating rate |
| Ranking | Tier 2 subordinated |
| Coupon | BBSW + 2.35% |
| Coupon frequency | Quarterly |
| Currency | AUD |
| Issue date | 2023-09-27 |
| Maturity | 2034-06-27 |
| First call | 2029-06-27 |
| Amount outstanding | AUD 600m |
| Minimum investment | 500,000 AUD |
Questions
- Who can buy this bond?
- Through Candour Capital, wholesale and professional investors only (for example with an accountant's s708 certificate).
- What is the minimum investment?
- 500,000 AUD, then in the denominations the terms set.
- How is it bought and held?
- Through a Candour Capital adviser; it settles in Austraclear and is held in your custody or platform account.
- Where are the price and yield?
- Live reference prices and yields are in the Candour app for signed-in users and change with the market.
Other bonds from this issuer
- Suncorp 7.043% Perpetual Additional Tier 1 (AT1) fixed rate bond (AU3FN0109666)
- Suncorp 2037 Tier 2 subordinated floating rate note (AU3FN0110250)
Rate context
About 2.7 years to first call; the Australian government yield at that term is about 4.91% (RBA, 2026-10-14). Australian rates and credit
Prices, yields and ratings are in the Candour app for signed-in users.
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