QBE announces pricing of USD$300M Fixed Rate Senior Notes

Company News

by Jessica Amir

QBE Insurance Group Limited (ASX:QBE) has unveiled the pricing of its USD$300 million Fixed Rate Senior Notes due in 2022.

The insurance group is intending to issue the notes in accordance with QBE’s Green Bond Framework.

The unsecured notes are for 5.5 years and will bear 3% interest per annum, payable semi-annually in arrears.

QBE also expects the notes will be given an A- rating by Standard and Poors.

Shares in QBE Insurance Group Limited (ASX:QBE) opened at 0.56% higher and is trading at $12.51.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.