March 22, 2018 / 12:38 AM / 6 months ago

BRIEF-Insurance Australia Announces Subordinated Debt Issue To Raise $300 Mln

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 Source text for Eikon: Further company coverage:

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