Following investor meetings announced on 1 September 2015, QBE Insurance Group was expected to launch a benchmark 5-year fixed and floating rate note transaction. Initial pricing was being put at around BBSW/Swap + 400bps. So far $200m of floating rate notes with a non-call period of 5 years have been issued at the indicated price.
The last domestic transaction from QBE was believed to be back in 2000 when it issued a $150m 10y deal although a US$750m fixed rate issue with some similar features was sold in November 2014.