Suncorp CPS3: If you’re Suncorp, why not?

Suncorp CPS3 is a classic case of doing a deal because the going’s good. Good for Suncorp that is. Richard Livingston explains.

Suncorp is back with a new hybrid: Suncorp CPS3. The company has no particular need for funding, but when you can issue junk bonds at an interest rate of 6%, why not?


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