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QBE Sells $1B In Notes
QBE Insurance Group has raised $1 billion through the sale of subordinated notes.
QBE Insurance Grouphasraised $1 billion through the sale of subordinated notes. The notes, maturing on May 24, 2041, will carry a coupon rate of 7.25%.
The insurance companyappointedBarclaysandJP Morganas the joint bookrunning managers on the deal, addsReuters. The company will not offer the securities for sale in Australia.
Click here for the release fromQBE.
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