Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised ClearView Wealth Limited (ClearView) on its recent issuance of A$120 million Subordinated Notes (being Tier 2 Capital instruments).
ClearView is an ASX-listed Australian life insurance business. The Notes meet the requirements of the Australian Prudential Regulation Authority (APRA) for Tier 2 Capital and were issued to wholesale investors. The issuance is ClearView’s second Tier 2 Capital raising following its inaugural issuance in 2020. MUFG Securities Asia Limited and Westpac Banking Corporation acted as Joint Lead Managers for the issuance.
Led by partner Jo Dodd, and supported by partners Cameron Blackwood and Shabarika Ajitkumar and senior associate Chloe Delahunt-Devlin, Corrs advised ClearView on all aspects of the transaction with support from the firm’s banking and finance, corporate and tax practices.
Commenting on the matter, lead partner Jo Dodd said: “We are thrilled to advise ClearView on this significant issuance, bolstering its Tier 2 Capital and operational capacity. The transaction further enhances Corrs reputation as a top-tier and trusted adviser on debt capital markets transactions.”