New Issue: IAG Capital Notes (Prospective ASX Code: IAGPD)
On the 21st of November 2016 Insurance Australia Group Limited (IAG) announced a new transaction (click here for announcement), IAG Capital Notes (Prospective ASX Code "IAGPD"). The purpose of this transaction is to provide regulatory capital for the group but more specifically it will be treated as Additional Tier 1 (AT1) capital for regulatory purposes. These securities are structured as perpetual, [...]
