Insurance Australia Group Limited (IAG), founded in 2000 and headquartered in Sydney, Australia, operates as a leading general insurance provider with a focus on delivering quality insurance solutions to protect individuals and businesses. IAG offers a comprehensive range of insurance products, including car, home, and business insurance, primarily serving the Australian and New Zealand markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| IAGAU 5.27% 2044-06-15 AUDInsurance Australia Group Limited | Australia | 2044-06-15 | 5.267 | — |
| IAGAU 5.32% 2038-06-15 NZDInsurance Australia Group Limited | Australia | 2038-06-15 | 5.320 | 6.03 |
| IAGAU 5.52% 2045-06-15 AUDInsurance Australia Group Limited | Australia | 2045-06-15 | 5.517 | 6.72 |
| IAGAU 5.62% 2036-12-15 AUDInsurance Australia Group Limited | Australia | 2036-12-15 | 5.617 | 6.49 |
| IAGAU 5.81% 2037-06-15 AUDInsurance Australia Group Limited | Australia | 2037-06-15 | 5.811 | 5.97 |
| IAGAU 6.85% 2038-12-15 AUDInsurance Australia Group Limited | Australia | 2038-12-15 | 6.850 | 6.51 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
IAG has been an active participant in the bond market, beginning its bond issuance program in 2008 to support its funding and liquidity needs. The company typically issues senior unsecured notes, with notable transactions including a significant A$500 million bond in 2020, which was issued at a yield competitive within the industry. Recent yields on IAG's bonds remain attractive compared to sector averages, bolstered by its solid credit ratings. In 2023, IAG announced plans to expand its bond offerings to enhance its capital structure amid challenging market conditions, reflecting a proactive approach to managing financial stability.