BOQ Prices A$1.0 Billion 5-year Transaction

Tuesday, 02/03/2010 

BOQ yesterday priced an A$1.0 billion 10 March 2015 domestic bond issue, split A$450 million fixed and A$550 million floating. 

The notes priced at swap/BBSW +35 bps with settlement on 10 March 2010. 

The bond is expected to be rated AAA (stable) by Standard & Poor’s and Aaa (stable) by Moody’s Investors Service. 

BOQ will apply for the notes to be guaranteed under the Guarantee Scheme for Large Deposits and Wholesale Funding. 

The transaction was issued from BOQ’s A$6.0 billion Debt Instrument Programme. 

RBS, UBS Investment Bank and Westpac Banking Corporation acted as joint lead managers.