QBE Insurance takes in tenders for $291 million of notes due 2023

By Susanna Moon

Chicago, March 20 – QBE Insurance Group Ltd. said it has accepted for purchase all of the tenders for about $291 million of its $300 million fixed-rate senior notes due 2023.

The offer ran from March 12 until March 19, with settlement set for March 22.

The purchase price will be par plus accrued interest, according to an announcement on March 12.

QBE previously said it was making the offer to try to acquire all of the outstanding notes.

The dealer manager is HSBC Bank plc (+44 20 7992 6237, +852 3989 9876 or liability.management@hsbcib.com). The information and tender agent is D.F. King Ltd. (qbe@dfkingltd.com, +44 20 7920 9700 or +852 3953 7230).

QBE is a Sydney, Australia, insurance and reinsurance company.

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