On 23 October, Bank of Queensland (BOQ) (BBB+/A3/A-) launched a five-year, Australian dollar denominated benchmark transaction, offered in either or both fixed- and floating-rate format. Indicative price guidance for the forthcoming deal is 110 basis points area over swap benchmarks and is expected to price on the day of launch. ANZ, National Australia Bank, UBS and Westpac Institutional Bank are leading.