QBE Insurance Group Limited (ASX:QBE) has announced its reached capacity for its recent $150 million equity raise from retail investors.
The insurance group received 75,000 subscriptions via its share purchase plan that was announced last month.
QBE says a scale back will be required and will issue around 14 million shares at an issue price of $10.70.
In the 2011 financial year, QBE reported a full year net profit of $707.9 million.
