IAG to explore Australian wholesale tier-two transaction

Tuesday, 25 February 2014

Insurance Australia Group (IAG) – through its subsidiary, Insurance Australia Limited – has revealed plans to meet Australian and Asian investors to discuss a potential domestic tier-two transaction. The issuer is the second regulated entity to go public on its hopes to tap the domestic wholesale tier-two market under Basel III rules, following Bendigo and Adelaide Bank's transaction in January this year.

IAG's investor meetings will commence on February 28. They are being arranged by ANZ and J.P. Morgan.