Suncorp plans to raise $250 million through a notes offer as part of its capital management program.

The company has appointed UBS as arranger and joint lead manager, along with stockbroker Morgans and National Australia Bank.

“The capital notes offer will further strengthen Suncorp’s capital position and is a key part of our ongoing funding and capital management strategy,” CFO Steve Johnston said.

Institutions and Suncorp security holders are eligible to participate in the offer, while the notes will also be available to other investors through brokers.

The minimum investment in the notes is $5000, with holders receiving quarterly payments. The offer opens on April 4 and the capital notes issue date is May 5.