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Insurance Australia Group completes A$404M note offering

Insurance Australia Group Ltd. completed its capital note offer, raising A$404.1 million of Additional Tier 1 capital.

The company said it issued 4,041,265 notes at A$100 each.

The notes will commence trading on the ASX on Dec. 23.

As of Dec. 21, US$1 was equivalent to A$1.38.