An update from QBE Insurance Group Limited ( (AU:QBE) ) is now available.
QBE Insurance Group Limited has announced the pricing of USD 500 million in Fixed Rate Resetting Subordinated Notes due in 2035, as part of its Note Issuance Programme. These notes are eligible as Tier 2 Capital under APRA’s capital adequacy framework and are subject to conversion into ordinary shares if QBE is deemed non-viable by APRA. The notes, with an initial fixed interest rate of 5.834% per annum, are callable by QBE in 2030 with APRA’s approval, impacting the company’s financial strategy and stakeholder interests.
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).
YTD Price Performance: 20.68%
Average Trading Volume: 537
Technical Sentiment Signal: Sell
Current Market Cap: $20.79B
See more data about QBE stock on TipRanks’ Stock Analysis page.