QBE starts taking IOIs for 15NC5 tier-two transaction

Wednesday, 18 October 2023

Disclosure type: IOI
Issuer name: QBE Insurance Group
Issuer rating: A-/A-
Expected issue rating: BBB-/BBB
Announcement date: 18 October 2023
Expected launch date: near future
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: 275bp/swap