QBE announces pricing of AUD45 million Subordinated Notes

QBE Insurance Group Limited (ASX:QBE) has priced a private placement for the issue of AUD45 million of Fixed to Floating Rate Subordinated Notes due 2039 (Subordinated Notes) under its Note Issuance Programme. The Subordinated Notes will be eligible as Tier 2 Capital of QBE under APRA's capital adequacy framework.

Executive Commentary on Subordinated Notes Offer

The pricing of the AUD45 million Subordinated Notes offer demonstrates QBE's commitment to strengthening its capital position and ensuring compliance with APRA's regulatory standards. The issuance of these notes will contribute to our capital adequacy and provide flexibility in managing our capital structure effectively.

Summary of QBE's Subordinated Notes Offer

QBE Insurance Group Limited has successfully priced a private placement for the issue of AUD45 million of Fixed to Floating Rate Subordinated Notes due 2039. The Subordinated Notes will be eligible as Tier 2 Capital of QBE under APRA's capital adequacy framework, enhancing the company's capital position and flexibility. This strategic move aligns with QBE's commitment to maintaining a robust capital structure and regulatory compliance, positioning the company for sustainable growth and resilience in the insurance industry.