May 9 (Reuters) - Insurance Australia Group Ltd IAG.AX :
* Iag launches subordinated notes offer IAG.AX
* Today on the nzx, that it is making an offer (offer) of up to NZ$250 million of unsecured subordinated convertible notes
* No approval of any class of holders of iag securities is required in relation to the proposed issue of the notes
* Source text for Eikon ID:nASXX04yM