February 27, 2017 / 10:13 PM / 9 months ago

BRIEF-Challenger Ltd announces intention to issue notes

Feb 28 (Reuters) - Challenger Ltd

* Challenger capital notes 2 offer

* Challenger intends to use proceeds of notes to fund a subscription for additional tier 1 capital of challenger life company

* Expected to raise $350 million

* intention to issue a new subordinated, convertible security, challenger capital notes 2 (notes)

* notes are expected to be listed and tradable on australian securities exchange (asx). Source text for Eikon: Further company coverage:

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