Dec 16 (Reuters) - Suncorp Group Ltd SUN.AX :
* SUNCORP GROUP LTD ANNOUNCES EXCHANGE OF CONVERTIBLE PREFERENCE SHARES REINVESTED UNDER SUNCORP CAPITAL NOTES 3 REINVESTMENT OFFER
* REDEMPTION PRICE IS $100 PER REINVESTMENT CPS3, WITH AN AGGREGATE REDEMPTION PRICE OF $206.4 MILLION