Suncorp closes CPS3 offer, upsizing to A$400 million [UPDATED]

Suncorp Group (Suncorp) closed its offer of convertible preference shares (CPS3) on May 8, upsizing the issue to a final A$400 million (US$375.7 million). The issuer confirms the securityholder offer was well oversubscribed and was therefore subject to scaling.