trending Market Intelligence /marketintelligence/en/news-insights/trending/svzZeqRVRjAWIw03p6SZ5w2 content esgSubNav
In This List

IAG closes reinvestment offer for capital notes

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The Worlds Largest Life Insurers, 2023

Blog

The World's Largest P&C Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


IAG closes reinvestment offer for capital notes

Insurance Australia Group Ltd. received A$224 million in reinvestment offers from eligible holders of its preference shares.

The company said Dec. 20 that it has accepted all valid applications under the reinvestment offer. The offer closed Dec. 16.

The company will buy back approximately 2.24 million convertible preference shares with a face value of A$100 apiece Dec. 22, leaving 1.53 million convertible preference shares outstanding.