Summary: Insurance Australia Group to issue new hybrid security, IAGPF; issue margin of 3.20%; expected to initially pay around 7.55% (annualised, including franking credits); 0.75% above current median sector margin; first call date in December 2030; trading expected to begin on 27 March 2024. In recent years, when one of a company’s existing hybrids approaches its first call date (or first optional exchange date), speculation turns to the likelihood of...