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Published on 5/26/2011 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

QBE Capital Funding purchases £10 million preferreds

By Toni Weeks

San Diego, May 26 - QBE Capital Funding LP has purchased £10 million of its non-voting non-cumulative perpetual subsidiary preferred securities, according to a company filing with the London Stock Exchange. The company does not intend to cancel the securities.

After the transaction, the outstanding amount of securities is £7.75 million.

The issuer is a wholly owned subsidiary of QBE Insurance Group Ltd., a Sydney, Australia-based insurance company.


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