Clearview Wealth Limited ( (AU:CVW) ) has issued an announcement.
ClearView Wealth Limited has announced the issuance of A$120 million in subordinated, unsecured notes. The proceeds from this issuance will be used to meet general funding and capital requirements, including funding Tier 2 Capital for ClearView Life Assurance Limited, its wholly-owned life insurer. This strategic financial maneuver is expected to bolster ClearView’s capital structure and support its operational stability, potentially enhancing its market position and offering reassurance to stakeholders.
More about Clearview Wealth Limited
Established in 2010, ClearView Wealth Limited is an ASX-listed life insurance company that collaborates with financial advisers to help Australians protect their wealth. The company manages over $380 million in force premiums and maintains relationships with more than 1,000 Australian Financial Services Licensees, representing over 5,000 financial advisers.
YTD Price Performance: 25.64%
Average Trading Volume: 531,953
Technical Sentiment Signal: Sell
Current Market Cap: A$303.6M
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