QBE launches 15NC5 tier-two transaction
- Thursday, 19 October 2023
Disclosure type: launch
Issuer name: QBE Insurance Group
Issuer rating: A-/A-
Expected issue rating: BBB-/BBB
Announcement date: 19 October 2023
Expected pricing date: 19 October 2023
Arranger: Barrenjoey
Lead managers: Barclays/Barrenjoey, Commonwealth Bank of Australia, Westpac Institutional Bank
Transaction type: tier-two subordinated notes
Currency: AUD
Indicative volume: ND
Tenor: 15-year non-call five-year
Coupon type: fixed to FRN and/or FRN
Price guidance: 270bp/swap
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