QBE to Redeem USD Subordinated Notes
Key points
- QBE to redeem USD300M 6.10% Fixed Rate Subordinated Notes due 2045
- Redemption approved by APRA
- Does not indicate future redemption of other regulatory capital instruments
Full summary
QBE Insurance Group Limited ('QBE') announced that it will redeem the USD300,000,000 6.10% Fixed Rate Subordinated Notes due 2045 issued in 2015 (ISIN XS1311098815) (the 'Notes') on 12 November 2025 in whole for cash for their principal amount (plus accrued and unpaid interest). The redemption of the Notes has been approved by APRA. QBE's redemption of the Notes does not imply or indicate that QBE will in the future exercise any right it may have to redeem any other outstanding regulatory capital instruments issued by QBE. Any such redemption would also be subject to the receipt of prior written approval from APRA.
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