Cases & Deals

Citicorp International acts as trustee in $1 billion and £325 million Subordinated Notes offering by QBE Insurance Group Limited

Clients Citicorp International Limited

Jones Day advised Citicorp International Limited, as trustee, in connection with the issuance of $1 billion of 7.25% Fixed Rate Reset Guaranteed Exchangeable Subordinated Callable Notes due 2041 and £325 million of 7.50% Fixed Rate Reset Guaranteed Exchangeable Subordinated Callable Notes due 2041 in a Rule 144A and Regulation S offering by QBE Capital Funding III Limited and QBE Capital Funding IV Limited, respectively, which are wholly-owned subsidiaries of QBE Insurance Group Limited, an international general insurance and reinsurance group underwriting in 49 countries around the world.