Insurance Australia Group (IAG) has all but confirmed it will issue a new security before the end of June. It also strongly hinted its RES would not be reset at the end of the year. In its first-half report, IAG noted the December 2019 reset date and the consequent loss of regulatory capital eligibility. In the report, IAG stated, “In addition, the $550m Reset Exchangeable Securities (RES) issue has a...