Bank of Queensland adds A$25 mln to 2009 bond

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SYDNEY, March 28 (Reuters) - Australian regional lender
Bank of Queensland (BOQ.AX: Quote, Profile, Research, Stock Buzz) 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)