QBE Prices AUD45 Million Subordinated Notes Offering
Company Announcements

QBE Prices AUD45 Million Subordinated Notes Offering

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

QBE Insurance Group Limited has announced the pricing of a private placement worth AUD45 million in Fixed to Floating Rate Subordinated Notes due 2039, which will count as Tier 2 Capital under APRA’s standards. These notes, maturing in 2039, are callable after 10 years subject to regulatory approval, and offer a fixed interest rate of 6.305% until 2034, switching to a floating rate thereafter. The offering is part of the company’s Note Issuance Programme and is intended to bolster QBE’s capital structure.

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

Related Articles
TipRanks Australian Auto-Generated NewsdeskQBE Insurance Plans New AUD Subordinated Notes Issue
TipRanks Australian Auto-Generated NewsdeskQBE Insurance to Redeem $700M Subordinated Notes
TipRanks Australian Auto-Generated NewsdeskQBE Insurance Issues New Shares Amid Strategic Moves
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App