Bank of Queensland Limited
(ASX:BOQ) has announced a buyback tender for its fixed rate and floating rate notes.
The regional lender is proposing to purchase $450,000 5.75 per cent fixed rate notes due March 10, 2015.
The bank is also proposing to buy $510,000 floating rate notes due on the same date.
The offer is subject to a provisional maximum amount of $600 million.
UBS is serving as offer manager for the tender.
Bank of Queensland generated a net profit of $100.5 million in the first half of the current financial year.
