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An announcement from Clearview Wealth Limited ( (AU:CVW) ) is now available.
ClearView Wealth Limited has announced the successful pricing of a new issuance of A$120 million subordinated notes, aimed at wholesale investors. This move is part of ClearView’s strategy to bolster its Tier 2 Capital for ClearView Life Assurance Limited, enhancing its financial stability and operational capacity. The notes, which are not offered to retail investors, come with a margin set at 350 basis points over the 3-month bank bill swap rate and are expected to be issued around 27 March 2025. The issuance reflects ClearView’s proactive approach in managing capital and ensuring compliance with regulatory requirements, potentially impacting its market positioning positively.
More about Clearview Wealth Limited
Established in 2010, ClearView is an ASX-listed life insurance business that partners with financial advisers to help Australians protect their wealth. ClearView manages over $380 million in inforce premiums and has relationships with over 1,000 Australian Financial Services Licensees, representing over 5,000 financial advisers.
YTD Price Performance: 26.92%
Average Trading Volume: 516,710
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$306.7M
See more data about CVW stock on TipRanks’ Stock Analysis page.