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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.

    Click here for additional coverage fromReuters.

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