Bank of Queensland completes capital notes bookbuild

Company News

by Kathy Skantzos

Bank of Queensland (ASX:BOQ) announced the successful completion of its bookbuild for the offer of capital notes, which was increased to $325 million from $300 million following strong investor support.

The margin has been set at 3.75 per cent per annum, the bottom end of the initial marketing range.

Bank of Queensland’s CFO said the company is pleased with the level of support shown by investors, including CPS holders.

The final size of the offer will depend on the volume of applications received and accepted under the reinvestment offer.

The replacement prospectus is expected to be lodged today.

Shares in Bank of Queensland (ASX:BOQ) closed 1.64 per cent higher to $13.03.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.