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QBE Announces Resale and Buyback of US$400m Capital Notes

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QBE Announces Resale and Buyback of US$400m Capital Notes

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QBE Insurance Group Limited ( (AU:QBE) ) just unveiled an update.

QBE Insurance Group Limited has announced its intention to issue a Resale Notice for its US$400 million Perpetual Fixed Rate Resetting Capital Notes. The company plans to buy back and cancel these notes following the resale date, subject to necessary conditions being met. This move, approved by APRA, is part of QBE’s strategic financial management, potentially impacting its capital structure and investor relations.

More about QBE Insurance Group Limited

QBE Insurance Group Limited is a prominent player in the insurance industry, offering a range of insurance products and services. The company is headquartered in Sydney, Australia, and focuses on providing insurance solutions across various markets globally.

YTD Price Performance: 15.28%

Average Trading Volume: 557

Technical Sentiment Signal: Strong Sell

Current Market Cap: $20.11B

Find detailed analytics on QBE stock on TipRanks’ Stock Analysis page.

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