The Suncorp funding strategy is based on providing the group with diversity through various programmes within the domestic and offshore capital markets.
The funding strategy over recent years has focused on broadening and deepening Suncorp's investor base. The funding strategy is driven by the requirements of balance sheet diversification, growth and liquidity management. The focus has always been on diversity and relationships and this covers offshore and domestic investors, short term, long term, wholesale, and capital.
Wholesale Funding Contacts
Securitisation
Phone: +61 7 3362 4037
Wholesale Short Term
Phone: +61 7 3362 4035
Wholesale Domestic and Offshore Debt Programmes
Phone: +61 7 3362 4030
Email: DL-TreasuryFunding@suncorp.com.au
Senior Debt
Suncorp has several programmes domestically and offshore, please see the list of outstanding transactions below.
Outstanding Public Deals
Australian TD programme
| A$780,000,000 | Fixed, Maturity 30 May 2011 ISIN - AU3CB0071173 |
| A$453,000,000 | Floating, Maturity 30 May 2011 ISIN - AU3FN0005856 |
| A$1,270,000,000 |
Fixed, Maturity 15 April 2012 (GG) Suncorp Bank offers to buy back A$1.270bio Government Guaranteed Bonds. |
| A$800,000,000 | Floating Maturity 11 September 2013 (GG) ISIN – AU3FN009106 |
| A$200,000,000 | Fixed Maturity 11 September 2013 (GG) ISIN - AU3CB0127215 |
US$15bn - Euro Medium Term Note Programme
| US$300,000,000 | Floating Maturity 12 April 2010 ISIN – XS0294327597 |
| Euro 500,000,000 | Floating Maturity 25 October 2010 ISIN – XS0232365832 |
| Euro 500,000,000 | Floating, Maturity 25 October 2011 ISIN – XS0271004573 |
| USD$750,000,000 | Floating, Maturity 19 October 2012 (GG) ISIN - XS0457694379 |
| GBP 750,000,000 | Fixed, Maturity 16 January 2014 (GG) ISIN - XS0408496700 |
| GBP 300,000,000 | Fixed, Maturity 27 October 2014 ISIN – XS0459048657 |
Capital
Suncorp group has issued from a number of standalone offering documents and programme documents in order to support the group’s capital.
Please find below the relevant programme documents and a list of outstanding Capital Transactions.
Bank
Suncorp Metway Limited
GBP 253,363,000 Subordinated Notes due 23 October 2017, callable 23 October 2012
USD$100,000,000 Subordinated Notes due 17 June 2013
A$169,800,800 Floating Rate Capital Note, Perpetual, callable quarterly from 2003
A$144,062,800 Reset Preference share, reset 14 March 2012
A$735,000,000 Suncorp CPS, mandatory conversion 14 June 2013
Insurance
Suncorp Metway Insurance Limited
A$182,050,000 Subordinated Notes Due 23 September 2024, callable 23 September 2014
A$96,140,000 Subordinated Notes Due 6 October 2026, callable 6 October 2016
Vero Insurance Limited
$A203,760,000 Subordinated Notes due 7 September 2025, callable 7 September 2015
Suncorp Insurance Funding 2007 Limited
GBP 121,218,000 Fixed/Floating Rate Subordinated Notes due 2027, callable 13 Jun 2017
Securitisation
Suncorp established the APOLLO programme in 1999 and have since issued 14 public transactions with a total issuance volume of A$28billion equivalent.
The securitisation programme forms a fundamental part of the funding diversity for the group as it provides access to a broader investor base and in some cases capital efficiency
Terminated Trusts
| SERIES 1999-1 APOLLO | AUD220 million – Clean-up Call July 2007 |
| APOLLO Series 2002-1 | AUD500 million – Clean-up Call March 2009 |
| APOLLO Series 2002-2 | AUD750 million – Clean-up Call July 2009 |
| APOLLO Series 2003-1E | USD500 million – Clean-up Call March 2010 |
| APOLLO Series 2003-2 | AUD600 million - Clean-up Call October 2010 |
| APOLLO Series 2004-1E | EUR375 million / USD325 million / AUD39.2 million - Clean-up Call March 2011 |
| APOLLO Series 2004-2 | AUD700 million - Clean-up Call September 2011 |
The following is a list of outstanding Trusts with the relevant the Investor Reports.
Trust |
Investor Report |
ArchivedInvestor Reports |
InformationMemorandum |
OfferingCirculars |
|
APOLLO Series 2005-1E |
2005-1E Jan 12 | Archive | 2005-1E IM | 2005-1E OC |
| APOLLO Series 2005-2 | 2005-2 Jan 12 | Archive | 2005-2 IM | |
| APOLLO Series 2006-1E | 2006-1E Jan 12 | Archive | 2006-1E IM | 2006-1E OC |
| APOLLO Series 2007-1E | 2007-1E Jan 12 | Archive | 2007-1E IM | 2007-1E OC |
| APOLLO Series 2008-2 | 2008-2 Jan 12 | Archive | ||
| APOLLO Series 2008-3 | 2008-3 Jan 12 | Archive | 2008-3 IM | |
| APOLLO Series 2009-1 | 2009-1 Jan 12 | Archive | 2009-1 IM | |
| APOLLO Series 2010-1 | 2010-1 Jan 12 | Archive | 2010-1 IM | |
| APOLLO Series 2011-1 | 2011-1 Jan 12 | Archive | 2011-1 IM |
Loan Level Data
Free access is now available for loan level data by registering on www.absperpetual.com Click on Search-Transaction and select the relevant APOLLO trust. Scroll to RHS 'Links' menu and select 'Reports'.
Contact Us
Please call 3362 4037* for information about our securitisation programme.
* Please note all conversations with Suncorp Treasury are recorded.
Financial Results
Go to the Suncorp Group website for more information.
Presentations and Speeches
Go to the Suncorp Group website for more information.