Bank of Queensland

Monday, 21 May 2018

BOQ launches Series 2018-1 REDS RMBS transaction

Bank of Queensland (BOQ) launched its Series 2018-1 REDS Trust residential mortgage-backed securities (RMBS) transaction on 21 May. The deal has a minimum volume of A$500 million (US$375.8 million) and is expected to price on or before 25 May.

Wednesday, 16 May 2018

BOQ starts marketing Series 2018-1 REDS RMBS transaction

On 16 May, Bank of Queensland (BOQ) began taking indications of interest for its Series 2018-1 REDS Trust residential mortgage-backed securities (RMBS) transaction. Indicative total volume for the deal, expected to launch 21 May, is A$500 million (US$373.4 million).

Friday, 27 April 2018

BOQ plans to meet RMBS investors

On 27 April, Bank of Queensland (BOQ) mandated Commonwealth Bank of Australia, National Australia Bank, SMBC Nikko and Westpac Institutional Bank to engage with investors regarding its REDS residential mortgage-backed securities (RMBS) programme. An Australian dollar-denominated transaction from the programme may follow.

Sunday, 22 April 2018

BOQ launches domestic tier-two transaction

On 23 April, Bank of Queensland (BOQ) (BBB+/A3/A-) launched a minimum A$150 million (US$115 million) domestic tier-two deal. The 10-year non-call five floating-rate notes transaction has indicative price guidance of 200 basis points area over three-month bank bills. Pricing is expected on or before 24 April, according to lead managers ANZ, Bank of America Merrill Lynch and National Australia Bank.

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