By Andrea Heisinger
New York, April 24 - QBE Insurance Group Ltd. sold $600 million of 2.4% five-year notes (Baa1/A/A-) under Rule 144A and Regulation S on Wednesday, an informed source said.
Pricing was at a spread of Treasuries plus 175 basis points.
Full terms were not available at press time.
Barclays and Morgan Stanley & Co. LLC were the bookrunners.
The general insurance company is based in Sydney.
| Issuer: | QBE Insurance Group Ltd.
|
| Issue: | Notes
|
| Amount: | $600 million
|
| Maturity: | 2018
|
| Bookrunners: | Barclays, Morgan Stanley & Co. LLC
|
| Coupon: | 2.4%
|
| Spread: | Treasuries plus 175 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | April 24
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A
|
| Fitch: A-
|
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