Bank of Queensland has priced an A$150 million floating rate Transferable Deposit due 15 March 2005. The issue proceeds will predominantly refinance an existing Transferable Deposit due for maturity on 15 March 2002. The original size of the transaction at launch was A$125 million which was upsized due to strong domestic and offshore investor interest.
The TD's will pay a coupon of swap plus 42 basis points. Settlement date is Friday 15 March. The deal was originally marketed at a range of swap plus 41-44 basis points.
Macquarie Bank and UBS Warburg are joint lead managers on the transaction. Westpac is acting as co-manager.
About Bank of Queensland
Bank of Queensland is one of Australia's most rapidly growing retail banks, with an asset base as at 31 August 2001 of A$4.2 billion and full-year net profit after tax and significant items of $24.1 million - an eight per cent increase on the previous year. It reported record sales volumes with lending approvals up 29 per cent to $2.8 billion and assets under management increasing 19 per cent for the year. The Bank operates a network of 95 branches throughout the major population centres of Queensland and has a clear and strategic focus on providing retail banking services to individuals and businesses in its home state.
Established in 1874, it is a publicly listed company traded on the ASX (BOQ) since 1971. Find out more at www.boq.com.au.
Bank of Queensland is rated BBB/A2 by S&P and BBB/F2 by Fitch.
For further information contact:
Mr Tim Ledingham
Head of Financial Markets
Ph: (07) 3212 3366
Associate Director, Debt Capital Markets
UBS Warburg Australia
Ph: +612 9324 2859
Associate Director, Debt Finance
Macquarie Bank Limited