QBE Insurance Group (ASX:QBE) plans to issue Australian dollar-denominated floating rate subordinated notes and/or fixed-to-floating rate subordinated notes under its notes issuance program, according to a Monday release.
Proceeds from the proposed notes issue will fund the insurance and reinsurance company's Tier 2 capital. Terms of the notes, including pricing, will be disclosed once the proposed issue proceeds.
Price (AUD): $16.00, Change: $+0.07, Percent Change: +0.44%
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