Bank of Queensland announces increase to A$ Programme limit and intention to issue in the A$ capital market


SYDNEY (Friday 1st March 2002) - Bank of Queensland announced today that it has increased the size of its domestic Debt Instrument Programme from $350 million to A$1.0 billion. The increase reflects the growth in Bank of Queensland's asset base since the establishment of the original Programme in 1995.
 

The increase does not impact on Bank of Queensland's ratings and they remain rated at BBB/A2 with stable outlook by Standard & Poor's and BBB/F2 with stable outlook by Fitch Ratings.
 

Bank of Queensland has $125 million floating rate transferable certificates of deposit maturing on 15 March 2002 and will be assessing the domestic market over the course of the next two weeks with the intention to re-finance this maturity. Bank of Queensland has appointed Macquarie Bank Limited and UBS Warburg Australia Ltd to joint lead manage the proposed issue. Westpac Investment Bank will act as co-manager on the transaction.

 

For further information contact:

Mr Tim Ledingham
Head of Financial Markets
Ph: (07) 3212 3366