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QBE Insurance Group Limited ( (AU:QBE) ) just unveiled an announcement.
QBE Insurance Group Limited has announced the pricing of USD300 million of Fixed Rate Resetting Subordinated Notes due 2037, which will be eligible as Tier 2 Capital under APRA’s capital adequacy framework. These notes, with a 12-year term and an initial fixed interest rate of 5.239% per annum, are callable by QBE in 2032, subject to APRA’s approval, and are designed to strengthen QBE’s capital structure, potentially impacting its financial stability and market positioning.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.50 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 insurance solutions and operates under the regulatory framework of the Australian Prudential Regulation Authority (APRA).
Average Trading Volume: 4,082,218
Technical Sentiment Signal: Buy
Current Market Cap: A$29.61B
Find detailed analytics on QBE stock on TipRanks’ Stock Analysis page.