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Tuesday 10 November 2015 by FIIG Research Company factsheets

Genworth Australia Floating Rate AUD Subordinated Bond factsheet

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

Genworth Australia BBSW + 3.50% 3 July 2025 (callable 3 July 2020) AUD Subordinated Bond

Genworth Financial Mortgage Insurance Pty Ltd (the issuer) is a wholly owned subsidiary of Genworth Mortgage Insurance Australia Limited (Genworth Australia). Genworth Australia is one of two leaders in the Lenders' Mortgage Insurance (LMI) sector in Australia (with QBE) servicing a diverse client base of lenders including banks, credit unions, building societies and mortgage originators. Genworth Australia listed on the ASX in May 2014 and is currently a subsidiary of the US based Genworth Inc. Genworth Inc’s current ownership interest in Genworth Australia is approximately 52.0% (following the sale by Genworth Inc of a further 14.2% on 12 May 2015), with the remainder publicly owned. As at 9 November 2015, Genworth Australia had a market capitalisation of AUD1.85bn.

Read the Genworth Tier 2 Subordinated Bond factsheet on the FIIG website

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