QBE Insurance Prices AUD 250M Subordinated Notes

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

QBE Insurance Group Limited has announced the pricing of AUD 250 million in Floating Rate Subordinated Notes set to mature in 2036. These notes, which qualify as Tier 2 Capital under Australian Prudential Standards, will pay interest quarterly at a rate tied to the three-month BBSW plus 1.80% per annum. This offering provides an opportunity for investors interested in QBE’s financial instruments and capital strategies.

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