QBE Insurance Group Limited (AU:QBE) has released an update.
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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.
For further insights into AU:QBE stock, check out TipRanks’ Stock Analysis page.
