QBE targets $825m raise to shield against Covid-19
QBE is seeking to raise $825m (£655m) in light of the Covid-19 crisis split across a $750m placement with institutional investors and a $75m share purchase plan for eligible shareholders.
The insurer reported that a successful placement would lifts its regulatory capital from 1.6 times its prescribed capital amount to 1.9X.
According to the provider, coronavirus pandemic has created
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