Completion of Resale and Buy Back of US$400m Capital Notes
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| Stock | QBE Insurance Group Ltd (QBE.ASX) |
|---|---|
| Release Time | 19 May 2025, 9:18 a.m. |
| Price Sensitive | Yes |
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QBE Completes Resale and Buy Back of US$400m Capital Notes
Key Points
- QBE has completed the resale and buy back of all US$400m Perpetual Fixed Rate Resetting Capital Notes
- The Notes have been cancelled and will be delisted from the Singapore Exchange
- The resale and buy back were previously announced on 17 April 2025
Full Summary
QBE Insurance Group Limited has announced the completion of the resale and buy back of all US$400m Perpetual Fixed Rate Resetting Capital Notes (the 'Notes') issued under its Note Issuance Programme. The Notes have now been fully resold to the Nominated Purchaser and subsequently bought back by QBE and cancelled in accordance with the terms. The Notes will be delisted and removed from the Official List of the Singapore Exchange Securities Trading Limited (SGX-ST). This follows QBE's previous announcement on 17 April 2025 regarding its election to exercise the option to resell all the outstanding Notes pursuant to the terms and conditions of the Notes.
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