Media Release

BOQ’s Series 2012-1E REDS EHP Trust ABS Oversubscribed to A$700 Million

Thursday, 24/05/2012

“Strong investor demand for BOQ’s Series 2012-1E REDS EHP Trust ABS resulted in the transaction being upsized from A$500 million to A$700 million and demonstrates the funding diversity that BOQ has through the REDS EHP ABS program,” BOQ Managing Director Stuart Grimshaw said today.  

“The transaction includes a GBP100 million tranche, and in total 13 domestic investors and 4 offshore investors participated in the deal. The transaction represents a significant funding trade for BOQ, and demonstrates the Bank’s ability to access ABS securitisation markets despite current market volatility. The pricing of this transaction reiterates the relevance of BOQ’s REDS Securitisation Programme, and provides the Bank with access to diversified funding.” 

The Notes have been rated by Fitch and Moody’s and pricing details are set out below: