QBE Insurance Group Ltd. launched a tender offer to buy back up to US$100 million of a series of fixed-rate notes due in 2022.

The tender offer will commence June 13 and end June 19. The minimum and maximum purchase prices are US$960 and US$980, respectively, per US$1,000 principal amount of notes, plus accrued interest.

Notes purchased under the tender offer will be canceled and will not be reissued or resold.

HSBC Bank Plc and National Australia Bank Ltd. are serving as dealer managers for the tender offer.