BOQ completes first public deal of 2011 in LTII format [UPDATED]
- Wednesday, 04 May 2011
On May 5 Bank of Queensland (BOQ) (BBB+/A2/BBB+) issued a A$200 million (US$214.8 million) 10-year, non-call five lower tier two (LTII) domestic bond issue. The transaction – which is the first domestic public bond issue in senior or subordinated format to come from an Australian regional bank this year – priced in line with guidance, at 375 basis points over the bank bill swap rate (BBSW).
