Insurance Australia Group to Offer Tier 2 Wholesale Subordinated Notes

MT Newswires Live

2025/02/26

Insurance Australia Group (ASX:IAG) will offer Australian dollar-denominated Tier 2 subordinated notes to wholesale investors, according to a Wednesday filing with the Australian bourse.

The notes will mature on June 15, 2037, subject to conversion, write-off, and/or early redemption. They will also pay a floating rate of interest.

Insurance Australia will release more details if it decides to go ahead with the issue.

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