Briefs: BOQ taps FRN program, SWIFT signs up new corporates, strong hiring intentions in the finance

Banking Day staff
  • Bank of Queensland has raised A$100 million through a tap issue of its June 2018 senior unsecured floating-rate program. The bank will pay a margin of 78 basis points over the three-month bank bill swap rate. This raising takes the amount outstanding under the program to $400 million.
  • Financial information service SWIFT has signed up 26 new corporate members in the region, including BHP Coal Holdings and Compass Global Holdings in Australia. Businesses use SWIFT to exchange financial information with their banks through a single platform. SWIFT has 1450 corporate members worldwide.
  • The Manpower Employment Outlook Survey for the March quarter showed employers in finance, insurance and real estate recorded the strongest hiring intention for eight consecutive quarters and recorded a "net employment outlook" of +19 per cent - the strongest hiring intention of any sector. The survey said technological development was driving employment in the finance industry. The banks are looking for people with skills in IT, customer service, sales and marketing.