QBE Insurance Group (ASX:QBE) will redeem the $700 million fixed-rate subordinated notes due 2044 on Dec. 2, according to a Friday filing with the Australian bourse.
The notes were issued in 2014 and bear an interest rate of 6.75%, the filing stated. They will be paid in whole for cash for their principal amount plus accrued and unpaid interest.
QBE Insurance's shares were down past 1% in recent trade.
Price (AUD): $18.23, Change: $-0.24, Percent Change: -1.33%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments