Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised The Hollard Insurance Company Pty Ltd (Hollard) on its recent issuance of A$115 million Floating Rate Subordinated Notes (being Tier 2 Capital instruments).
Hollard is one of Australia’s largest general insurers. The Notes meet the requirements of the Australian Prudential Regulation Authority (APRA) for Tier 2 Capital and were issued to wholesale investors. Westpac Banking Corporation acted as the Lead Manager for the issue of the Notes.
Led by partner Jo Dodd and supported by Chloe Delahunt-Devlin and other experts across the banking and finance and tax practices, Corrs advised Hollard on all aspects of the transaction.
Commenting on the matter, Jo Dodd said: “We are delighted to collaborate with Hollard on this significant capital markets transaction. This achievement further solidifies Corrs’ standing as a premier adviser in debt capital markets.”