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Helia Group to Redeem A$190 Million Subordinated Notes

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Helia Group to Redeem A$190 Million Subordinated Notes

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The latest announcement is out from Genworth Mortgage Insurance Australia Ltd ( (AU:HLI) ).

Helia Group Limited announced the redemption of its A$190 million Floating Rate Subordinated Notes due 2030, which will occur on 3 July 2025. This move will adjust the company’s Prescribed Capital Amount (PCA) coverage ratio from 1.97 times to a pro forma 1.74 times, indicating a strategic financial management decision aimed at maintaining a strong balance sheet and capital position.

The most recent analyst rating on (AU:HLI) stock is a Sell with a A$3.60 price target. To see the full list of analyst forecasts on Genworth Mortgage Insurance Australia Ltd stock, see the AU:HLI Stock Forecast page.

More about Genworth Mortgage Insurance Australia Ltd

Helia Group Limited operates in the financial services industry, primarily focusing on mortgage insurance through its subsidiary Helia Insurance Pty Limited. The company is listed on the Australian Securities Exchange (ASX:HLI) and is committed to supporting customers and homeowners while delivering returns to shareholders.

Average Trading Volume: 1,783,280

Technical Sentiment Signal: Buy

Current Market Cap: A$1.43B

For detailed information about HLI stock, go to TipRanks’ Stock Analysis page.

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