re: Ann: QBE announces major terms of share p... Absolutely no chance of expanding the SPP raising.
QBE don't need this money, its just a token SPP to give retail shareholders the chance to pick them up at the same price as the $2b institutional placement.
After buying back the $900m Tier 1 hybrid at 70% of face value, QBE's gearing has now falled to 27%. From a S&P ratings perspective that's low.
...and that's why we are going up.
P
Ann: QBE announces major terms of share purchase , page-18
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$16.49 |
Change
0.130(0.79%) |
Mkt cap ! $24.62B | |||
| Open | High | Low | Value | Volume |
| $16.53 | $16.67 | $16.36 | $3.993M | 241.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 292 | $16.49 |
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| Price($) | Vol. | No. |
|---|---|---|
| $16.50 | 846 | 10 |
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