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The latest announcement is out from QBE Insurance Group Limited ( (AU:QBE) ).
QBE Insurance Group Limited has priced an issue of AUD500 million wholesale Floating Rate Capital Notes under its Note Issuance Programme, which will qualify as Additional Tier 1 Capital under APRA’s capital adequacy standards. The notes form part of QBE’s capital structure, supporting regulatory capital requirements and providing flexibility in funding.
The Capital Notes are perpetual instruments that may be called by QBE, subject to APRA approval, on specified dates in 2033 and 2034, and will mandatorily convert into ordinary shares in 2036 or upon certain acquisition or non-viability events. Interest will be paid semi-annually at a floating rate based on the 6‑month BBSW plus a 2.50% margin, with payments expected to be franked in line with QBE’s ordinary share dividends, impacting income expectations for institutional debt investors.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.80 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 global insurance company headquartered in Sydney, Australia, providing a broad range of general insurance and reinsurance products. The group serves wholesale and institutional markets, with a focus on maintaining strong regulatory capital positions under the Australian Prudential Regulation Authority framework.
Average Trading Volume: 3,699,279
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$33.32B
See more data about QBE stock on TipRanks’ Stock Analysis page.