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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 5/3/2010 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

QBE Insurance Group opts to call all remaining LYONs 4 due 2027

By Susanna Moon

Chicago, May 3 - QBE Insurance Group Ltd. said it will redeem all of its Liquid Yield OptioN Securities due 2027 of QBE Funding Trust IV on May 16.

The company said on Nov. 9, 2009 that all of its LYONs 1 and 2 had been converted.

The last portion of QBE's LYONs 1 and 2 were converted into 8,414 common shares.

QBE is a Sydney, Australia-based insurance and reinsurance group.


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