ClearView Wealth Limited (ASX:CVW) Issues A$120M Subordinated Notes
Issue Details
ClearView Wealth Limited (ASX:CVW) has announced the issuance of A$120 million in subordinated, unsecured notes. The issuance does not require disclosure to investors under Part 6D.2 of the Corporations Act and may convert into Ordinary Shares upon a Non-Viability Trigger Event.
Use of Proceeds
The proceeds from the subordinated notes will be used to meet general funding and capital requirements, including funding Tier 2 Capital for ClearView Life Assurance Limited, the company’s wholly-owned life insurer.
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