BOQ brings A$1 billion guaranteed 2015 to secure term
- Monday, 01 March 2010
Bank of Queensland (BOQ) (BBB+/A2/BBB+) says the A$1 billion (US$897.5 million) government guaranteed March 2015 transaction it priced on March 1 will help term out the issuer's maturity profile in an environment where unguaranteed tenor continues to be harder to achieve. The fixed- and floating-rate deal priced at 79 basis points over government securities or 35 basis points over bank bill swap rate.
