QBE Insurance Plans New AUD Subordinated Notes Issue

QBE Insurance Group Limited (AU:QBE) has released an update.

QBE Insurance Group Limited has announced a proposal to issue AUD Floating Rate Subordinated Notes as part of its capital management strategy. This issuance aims to bolster the company’s Tier 2 capital, with specific pricing and details to be revealed later, contingent on market conditions. This move is part of QBE’s ongoing efforts to strengthen its financial foundations.

For further insights into AU:QBE stock, check out TipRanks’ Stock Analysis page.