IAG insurance australia group limited
Add to My Watchlist 0.58% ! $8.62

News: IAG to raise $350M

  1. FNN News
    lightbulb Created with Sketch. 1
    clock Created with Sketch.
    19/03/12
    11:25
    Post #: 9859140
    .

    Insurance Australia Group Limited (ASX:IAG) has announced the offer of new convertible preference shares to raise about $350 million.



    The insurer plans to put the funds to general corporate purposes including to refinance its existing reset preference shares.  



    New convertible preference shares will be issued to institutional shareholders at $100 each, which will convert to ordinary shares on May 1, 2019.



    IAG reported a net profit of $167 million in the first half of its 2012 financial year.
    IAG Price at posting: $3.37 Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

3DA Amaero’s big move: Exclusive deal, big targets, and a lot on the line
right-arrow Created with Sketch.
NEWS Gateway acquires interest in strategic Glenburgh South Gold Project in WA
right-arrow Created with Sketch.
NEWS Where the Australian property market resurgence is heading and why it matters now
right-arrow Created with Sketch.
NEWS CLEO receives positive FDA feedback supporting ovarian cancer test pathway
right-arrow Created with Sketch.
NEWS Locksley significantly enlarges exploration program after historical discovery
right-arrow Created with Sketch.
NEWS Ausgold set to commence extensive multi-rig drilling campaign at Katanning
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
$8.62 		Change
-0.050(0.58%) 		Mkt cap ! $20.38B
Open High Low Value Volume
$8.65 $8.69 $8.56 $18.80M 2.184M

Buyers (Bids)

No. Vol. Price($)
1 9 $8.59
 

Sellers (Offers)

Price($) Vol. No.
$8.62 1989 1
View Market Depth
Last trade - 16.10pm 16/09/2025 (20 minute delay) ?
IAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.