New York, April 20 – QBE Insurance Group Ltd. priced a $300 million offering of 3% senior notes due October 2022 in compliance with the issuer’s green bond framework, according to a company announcements.
HSBC Bank plc, Credit Agricole CIB, Lloyds Bank plc and Morgan Stanley & Co. International plc are the stabilization managers for the offering from QBE’s $4 billion medium-term note program.
As previously reported, the notes are intended to be issued in accordance with the company’s green bond framework, developed to guide the issuance of notes to further QBE’s commitment to sustainability and to finance or refinance investments in its green bonds portfolio.
QBE is a Sydney, Australia-based insurance company.
| Issuer: | QBE Insurance Group Ltd.
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| Issue: | Senior notes
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| Amount: | $300 million
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| Maturity: | Oct. 21, 2022
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| Coupon: | 3%
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| Bookrunners: | HSBC Bank plc, Credit Agricole CIB, Lloyds Bank plc and Morgan Stanley & Co. International plc (stabilization managers)
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| Ratings: | S&P: A-
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| Pricing date: | April 21
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| Settlement: | April 24
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