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QBE Insurance Group Limited ( (AU:QBE) ) has issued an update.
QBE Insurance Group Limited has announced the pricing of AUD600 million in Subordinated Notes, which will be eligible as Tier 2 Capital under APRA’s capital adequacy framework. This issuance includes AUD275 million of Floating Rate Notes and AUD325 million of Fixed to Floating Rate Notes, both maturing in 2036. The move is part of QBE’s strategy to strengthen its capital base, with implications for its financial stability and market positioning.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$19.30 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 range of insurance products and services. The company focuses on providing comprehensive risk management solutions and operates within the regulatory framework set by the Australian Prudential Regulation Authority (APRA).
Average Trading Volume: 4,086,579
Technical Sentiment Signal: Buy
Current Market Cap: A$33.95B
For a thorough assessment of QBE stock, go to TipRanks’ Stock Analysis page.