IAG to meet debt investors for potential tier-two deal

On 7 March, Insurance Australia Group (IAG) (A by S&P) revealed plans to hold debt investor meetings in Australia and New Zealand regarding a potential Australian dollar denominated 26.25-year non-call 6.25-7.25-year tier-two subordinated transaction. The notes are expected to be rated BBB. National Australia Bank and Westpac Institutional Bank have been mandated to arrange the meetings.