BOQ starts marketing new three-year FRN

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.