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.