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BRIEF-QBE Insurance launches invitation to note-holders to tender their notes in exchange for GBP-denominated notes

Published 04/05/2016, 05:51 pm
© Reuters.  BRIEF-QBE Insurance launches invitation to note-holders to tender their notes in exchange for GBP-denominated notes
QBE
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May 4 (Reuters) - QBE Insurance Group Ltd QBE.AX :

* Exchange offer GBP325M fixed rate subordinated notes QBE.AX

* Launched an invitation to holders of existing notes to tender their notes in exchange for new gbp-denominated subordinated notes due 2042

* New gbp-denominated subordinated notes due 2042 to be issued by QBE under its recently established u.s.$4 billion medium term note programme

* Offer will expire at 5:00pm London time on 17 may 2016, unless extended, re-opened or terminated by QBE

* Source text for Eikon ID:nASX27JdzX

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