QBE
(ASX:QBE) has priced US$300 million in fixed rate senior notes due in 2023 to be issued under its medium term note program.
The insurer’s notes have a term of five years and eight months, offering 3 per cent per annum payable semi-annually.
Ratings agency Standard & Poor’s gave the notes an expected rating of A-.
The notes will be settled and issued in US$200,000 lots on Monday 25 September.
Shares in QBE
(ASX:QBE) are trading 0.86 per cent lower to $10.39.
