Bank of Queensland
On 15 April, Bank of Queensland (BOQ) (BBB+/A3/A-) launched its benchmark three-year domestic floating-rate note (FRN) transaction. The forthcoming deal is being marketed in the area of 92 basis points over three-month bank bills and is expected to price on the day after launch. ANZ, National Australia Bank and Westpac Institutional Bank are joint bookrunners.
On 15 April, Bank of Queensland (BOQ) (BBB+/A3/A-) began taking indications of interest for a new, three-year domestic floating-rate note (FRN) transaction, with indicative price guidance of 92 basis points area over three-month bank bills. The deal is expected to launch in the near future, according to joint bookrunners ANZ, National Australia Bank and Westpac Institutional Bank.
The Australian securitisation market is arguably in its best shape since the financial crisis – at least in the sense of the robustness of market infrastructure and diversity of participants on the issuer and investor sides. In November, a record number of delegates gathered in Sydney at Australian Securitisation 2018, the annual conference of the Australian Securitisation Forum, to discuss the state of play – and some of the looming challenges.