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QBE Insurance Group Limited ( (AU:QBE) ) has provided an update.
QBE Insurance Group Limited has announced the redemption of its USD 300 million 6.10% Fixed Rate Subordinated Notes due in 2045. The redemption, approved by APRA, will occur on November 12, 2025, and involves the repayment of the principal amount along with accrued interest. This move does not necessarily indicate future redemptions of other regulatory capital instruments by QBE, as any such actions would require prior approval from APRA.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$24.70 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
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 is headquartered in Sydney, Australia, and operates globally, focusing on providing comprehensive insurance solutions to its clients.
Average Trading Volume: 3,652,482
Technical Sentiment Signal: Buy
Current Market Cap: A$32.59B
Learn more about QBE stock on TipRanks’ Stock Analysis page.