QBE to redeem $300m subordinated notes due 2045

QBE Insurance Group Limited (QBE) announced on October 15, 2025, its intention to redeem $300,000,000 of 6.10% Fixed Rate Subordinated Notes due 2045. These notes, with ISIN XS1311098815, were originally issued in 2015. The redemption will occur on November 12, 2025, and will be for their principal amount plus any accrued and unpaid interest.

This redemption has received approval from the Australian Prudential Regulation Authority (APRA). QBE emphasized that this action does not imply any future exercise of rights to redeem other outstanding regulatory capital instruments, as any such redemptions would also require prior written approval from APRA.

For further information, interested parties can refer to announcements on the Singapore Exchange Securities Trading Limited (SGX-ST) website. Contacts for debt relations, investor relations, and media enquiries were provided within the announcement.