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Briefs: BOQ prices new 3-yr senior notes

The Bank of Queensland yesterday priced A$600 million in new three-year senior, unsecured and unsubordinated floating rate notes, to pay a coupon of 100 basis points over the 3-month bank bill swap rate. Concurrently, BOQ will be running a A$42.9 million buyback of May 2017 floating rate notes, due for redemption in 2017. According to a note from one of the joint lead managers, the deal settles on 5 May, the same day as the new 3-year notes. BOQ's buyback offer equates to BBSW plus 30 basis points. Joint lead managers for both transactions are ANZ, CBA and Westpac.

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