QBE launches 16NC6 tier-two Australian dollar deal

On 18 August, QBE Insurance (A-/A3/A-) launched a new Australian dollar denominated, 16-year non-call six-year (16NC6), tier-two, floating-rate note transaction. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 300 basis points area over three-month bank bills.