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 is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.