IAG insurance australia group limited
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  1. FNN News
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    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
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$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

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No. Vol. Price($)
1 9 $8.59
 

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Price($) Vol. No.
$8.62 1989 1
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