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SYDNEY, March 28 (Reuters) - Australian regional lender
Bank of Queensland (BOQ.AX) said it has added A$25 million ($23
million) to its bond issue due in 2009 and priced the increase
at 115 basis points over BBSW.
This third increase in less than two weeks was driven by
late orders from Asia, just like the previous taps, the bank
said. Westpac Institutional Bank was the sole lead for this
tap.
The deal details are as follows:
Issuer: Bank of Queensland
Facility: Floating rate note increase
Documentation: Australian
Amount issued: A$25 million
Total on issue: A$374 million
Maturity: June 15, 2009
Set date: March 31
Coupon: +20 basis points over BBSW
Yield: +115 bps over BBSW
Margin: +115 bps over BBSW
Issue price: 98.274 including 0.066 percent in interest
Lead(s): Westpac Institutional Bank
Issuer rating: BBB+ (S&P), A2 (Moody's)
($1=A$1.09)
(Reporting by Cecile Lefort)
