QBE Insurance Group Ltd (QBEAU)

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QBE Insurance Group Ltd (QBEAU)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	QBEAU	QBE Insurance Group Ltd	£400		1	APAC	Sep 3, 2021

Tranche #1QBE Insurance Group Ltd

currency

GBP

size (m)

400.000

maturity

Sep 13, 2038

type

Fixed

tenor

17.000

call

registration

Reg S Only

benchmark

ranking

moody's

Baa1

s&p

fitch

BBB

size description

re-open/tap

ipt

Low 3%s

ipt-pxd

guidance

2.5-2.75% a

spread

206.1

coupon

2.5%

spread set

price

100.00000

yield

2.5%

book size (m)

2,150

peak book (m)

x-covered

5.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,150

peak book (m)

x-covered

5.38

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

17 yr: Book size: 2150; Redemption: 2028-09-13; Registration: Reg S Only; Comments: GBP400m 17NC7 Tier 2 Reg S bmk. Baa1/NR/BBB. Citi/HSBC(B&D)/Lloyds. Ref 0.125% Jan 2028 Gilt. IPTs low 3%s (cpn), guidance 2.75% area, launch 400m @2.5% cpn, bk >2.15bn . 5yr Gilt+206.1 initial/reset spread. FTT 1.45pm. LEI: 549300D2FBW76FPUSG65 ;

Deal Comments

Tier 2

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