Apologies is this question reflects a certain lack of research...
Why does a company like QBE issue debt as several points above LIBOR with one hand, while the other hand deposits large sums at much lower rates?
I understand the deposits are short term, and the issued debt is long term, but don't understand why a company like QBE would issue debt like that.
All education non-douche responses are appreciated.
Actually, if anyone knows a good book or something to read on understanding the balance sheets of insurance companies and banks, that would also be appreciated.
Both business seem to be on a good wicket but I avoid them because I can't read their balance sheets :)
Merry Giftmas all
QBE Price at posting:
$11.68 Sentiment: None Disclosure: Not Held
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