ClearView to redeem $75m in subordinated notes early

ClearView Wealth Limited (ClearView) has announced its intention to redeem all outstanding A$75,000,000 subordinated notes due November 5, 2030, on November 5, 2025. This early redemption is in accordance with the terms and conditions of the notes, and ClearView has secured written approval from the Australian Prudential Regulation Authority (APRA).

On the redemption date, holders will receive the face value of A$10,000 per subordinated note, plus accrued interest up to (but excluding) the redemption date. This redemption amount will be paid for each subordinated note held as of the close of business on October 28, 2025 (record date), after which all subordinated notes will be cancelled. Payments will be processed through Austraclear via 'Corporate Actions.'

Holders do not need to take any action in response to this notice. ClearView advises that this redemption does not imply future redemptions of other regulatory capital instruments, which would also require APRA's prior approval.