Challenger Life Company Limited (CLC) issued $400 million of CLC Subordinated Notes in November 2017.
CLC Subordinated Notes are fully paid, unsecured, subordinated debt obligations of CLC. CLC is rated A by S&P Global Ratings (S&P) with a rating outlook of positive. CLC Subordinated Notes qualify as Tier 2 capital under the Australian Prudential Regulation Authority's Prudential Standards.
Additional information on CLC Subordinated Notes:
- Market announcement - Challenger Life Company Limited issues $400 million of Subordinated Notes
- Challenger Life Company Limited Subordinated Notes Information Memorandum
Additional information on Challenger Life Company: