Powered by MOMENTUM MEDIA
subscribe to our newsletter

BOQ raises $600 million through five-year funding transaction

Bank of Queensland (BOQ) has priced a new five-year funding transaction, raising $600 million through the issue of $425 million five-year floating rate notes and $125 million five-year fixed rate notes under its Australian Debt Instrument Program.

The floating tranche is priced at a margin of 107 basis points over the three-month Bank Bill Swap Rate (BBSR), while the fixed tranche is priced with a semi-annual coupon of 4.00 per cent (at the equivalent of 107 basis points over the semi/quarterly asset swap).

“This marks BOQ’s first five-year benchmark senior transaction since the global financial crisis,” BOQ chief financial officer Anthony Rose said.

“We’re pleased we’ve been able to continue to build out our domestic yield curve with new fixed and floating five-year tranches, taking advantage of positive credit rating momentum and strong full year results.

“Over 70 accounts participated across both tranches following a successful deal road show in Melbourne, Sydney and Brisbane,” he said.

Advertisement
Advertisement

PROMOTED CONTENT


The geographic split was 88 per cent domestic investors and 12 per cent through overseas investors.

BOQ raises $600 million through five-year funding transaction
mortgagebusiness

Latest News

The RBA has studied the role of collateral in credit markets under stress, and has found that collateralised borrowing rose for some segment...

Auction volumes surged significantly over the December quarter across Australia, largely attributed to a “resurgence” in Melbourne, acco...

Loan conditions and collateral guarantees continue to be major stumbling blocks for small businesses looking to access financing, according ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: A new record in mortgage approvals

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.