QBE feels Basel III’s wide-ranging effects

09 June 2016

 

It is not just the banks which feel forced to issue new securities to deal with the fallout of the GFC and the new financial regulations which are being implemented as a result. QBE Insurance Group has mandated banks for another USD 30 year (non-callable for 10 years) Tier 2 subordinated transaction. QBE typically issues 30 year notes with interest resets and call options, having last issued USD and sterling...

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