Candour Capital

QBE 2036 Tier 2 subordinated floating rate note (AU3FN0055489)

By Allen Lin, Candour Capital

An AUD Tier 2 subordinated floating rate bond issued by QBE Insurance Group Ltd, paying BBSW + 2.75% quarterly, maturing 2036-08-25, callable by the issuer from 2026-11-25; about AUD 500m outstanding.

IssuerQBE Insurance Group Ltd
ISINAU3FN0055489
TypeFloating rate
RankingTier 2 subordinated
CouponBBSW + 2.75%
Coupon frequencyQuarterly
CurrencyAUD
Issue date2020-08-25
Maturity2036-08-25
First call2026-11-25
Amount outstandingAUD 500m
Minimum investment100,000 AUD

Questions

Who can buy this bond?
Through Candour Capital, wholesale and professional investors only (for example with an accountant's s708 certificate).
What is the minimum investment?
100,000 AUD, then in the denominations the terms set.
How is it bought and held?
Through a Candour Capital adviser; it settles in Austraclear and is held in your custody or platform account.
Where are the price and yield?
Live reference prices and yields are in the Candour app for signed-in users and change with the market.

Rate context

About 0.1 years to first call; the Australian 2-year government yield is about 4.92% (RBA, 2026-10-14). Australian rates and credit

Prices, yields and ratings are in the Candour app for signed-in users.

Sign in for the live price