Ashurst advises Joint Lead Managers of QBE's A$330 million floating rate issuance

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    Global law firm Ashurst has advised the Joint Lead Managers of QBE Insurance Group Limited's (QBE) floating rate offer under QBE's Note Issuance Programme. The programme offer includes the issuance of A$330 million floating rate subordinated notes due 2038 issued by QBE, which has been qualified as Tier 2 regulatory capital.

    QBE is an international insurer and reinsurer listed on the ASX and headquartered in Sydney.

    The Joint Lead Managers included Barrenjoey, Barclays, Barrenjoey, Commonwealth Bank and Westpac.

    The Ashurst team was led by partner Caroline Smart, who was assisted by: associate Charles Chiu (Global Markets); partners Costa Koutsis, Ian Kellock and Elke Bremner, senior associate Anthony Hui, and associate Hayley Young (Tax); and senior associate James Sainty (Tax, London).