Insurance Australia Limited BBSW + 2.80% 19 March 2040 (callable 19 March
2019) AUD Subordinated Bond
Insurance Australia Limited (IAL) is the core insurance operating company and wholly owned subsidiary of Insurance Australia
Group Limited (IAG). IAG is one of the largest insurers in Australia, operating brands such as NRMA, SGIC, SGIO and State
Insurance across Australia, New Zealand, Thailand and Vietnam. IAG is ranked as a top 30 company by market capitalisation on
the ASX ($13.6bn as at 2 November 2015).