QBE Announces Resale and Buyback of US$500 Million Capital Notes

The latest update is out from QBE Insurance Group Limited ( (AU:QBE) ).

QBE Insurance Group Limited has announced its intention to issue a Resale Notice for its US$500 million Perpetual Fixed Rate Resetting Capital Notes. The company plans to buy back and cancel these notes following the resale date on May 12, 2025, subject to necessary conditions. This strategic move, approved by APRA, is part of QBE’s ongoing financial management and capital optimization efforts.

More about QBE Insurance Group Limited

QBE Insurance Group Limited is a prominent player in the insurance industry, offering a wide range of insurance products and services. The company focuses on providing commercial, personal, and specialty insurance solutions to a diverse market globally.

YTD Price Performance: 15.28%

Average Trading Volume: 557

Technical Sentiment Signal: Strong Sell

Current Market Cap: $20.11B

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