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BRIEF- Insurance Australia Group announces margin on capital notes offer

Published 24/11/2016, 06:39 pm
© Reuters.  BRIEF- Insurance Australia Group announces margin on capital notes offer
IAG
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ICAG
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Nov 24 (Reuters) - Insurance Australia Group Ltd IAG.AX :

* Asx alert-iag announces margin on capital notes-iag.ax

* Iag has allocated $350 million of capital notes under broker firm and institutional offers

* Reinvestment offer is expected to close on 16 december 2016

* "amount was increased from $300 million iag announced at offer launch on 21 november 2016"

* Margin has been set at 4.70% per annum for the capital notes offer Source text for Eikon: ID:nASX9xzDZq Further company coverage: IAG (LON:ICAG).AX

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