Insurance Australia Announces Subordinated Debt Issue To Raise $300 Mln [Reuters]
INSURANCE AUSRLA UNSP/ADR (IAUGY)
NASDAQ:AMEX Investor Relations:
iag.com.au/shareholder-centre
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Source: Reuters
Insurance Australia Group Ltd (IAG.AX) Key Developments | Reuters.com March 22 (Reuters) - Insurance Australia Group Ltd ::IAG IS SEEKING TO RAISE A MINIMUM OF $300 MILLION OF SUBORDINATED DEBT.?SECURITIES WILL HAVE A NOTIONAL FACE VALUE OF $10,000 PER NOTE?.RAISED SUBORDINATED DEBT EXPECTED TO QUALIFY AS TIER 2 CAPITAL UNDER APRA'S CAPITAL ADEQUACY FRAMEWORK. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
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