Suncorp Group Limited has announced the immediate suspension of its SUNPH Capital Notes from quotation on the ASX, pending the redemption of these hybrid securities. The suspension was implemented on 28 May 2026 under ASX Listing Rule 17.2 and represents a preliminary step toward the full removal of the security from quotation once redemption is completed and formal notification is lodged with the exchange.
The SUNPH notes constitute part of Suncorp’s hybrid capital structure, and their suspension signals an imminent redemption event. Following the announcement of the actual redemption date and lodgement of an Appendix 3H notification with the ASX, the securities will be formally delisted. The suspension and removal process is specific to SUNPH only and does not affect any other quoted securities of Suncorp Group.
For holders of SUNPH Capital Notes, the suspension and upcoming removal represent a capital event requiring action or adjustment. Investors holding these hybrid securities should anticipate the redemption of their holdings at the relevant redemption price. The timing and precise redemption details are expected to be announced separately, likely in the coming weeks, as indicated by the ASX’s flagging of formal removal procedures.
The redemption of Suncorp’s hybrid capital notes reflects either a maturity event or a corporate decision to retire this component of hybrid funding. Capital notes of this type typically carry fixed or floating rate coupons and sit between equity and debt in terms of risk and return profile. The removal of SUNPH from quotation will also reduce the pool of listed hybrid securities from Suncorp, simplifying the group’s capital structure for investors tracking multiple securities.
Investors should monitor for the detailed redemption announcement and confirmation of the redemption payment date, which typically occurs within a short timeframe following the ASX suspension notice. The suspension is flagged as price sensitive and represents a material development in Suncorp’s capital management. Any transactions in these securities will not settle until quotation is restored or the formal delisting occurs.
View the full ASX announcement (PDF)
About Suncorp Group Limited (ASX: SUN)
Suncorp Group Limited is an Australian insurance company providing insurance products to retail, corporate, and commercial customers across Australia and New Zealand. The company operates through Consumer Insurance, Commercial and Personal Injury, and Suncorp New Zealand segments. In 2024, Suncorp completed the sale of its banking division to ANZ, refocusing the business as a pure-play insurance company.
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