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QBE Insurance Group Limited ( (AU:QBE) ) has provided an announcement.
QBE Insurance Group Limited has announced a proposed issuance of USD Fixed Rate Resetting Subordinated Notes as part of its ongoing funding and capital management strategy. The proceeds from this issuance are expected to fund Tier 2 capital, with further details to be provided in a subsequent announcement, reflecting QBE’s commitment to strengthening its financial position and supporting its operational objectives.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$25.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
More about QBE Insurance Group Limited
QBE Insurance Group Limited is a prominent player in the insurance industry, offering a range of insurance products and services. The company focuses on providing comprehensive insurance solutions across various markets, leveraging its global presence and expertise.
YTD Price Performance: 8.01%
Average Trading Volume: 4,072,515
Technical Sentiment Signal: Buy
Current Market Cap: A$29.96B
See more insights into QBE stock on TipRanks’ Stock Analysis page.