March 22 (Reuters) - Insurance Australia Group Ltd IAG.AX :
* IAG (LON:ICAG) 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