Printer Friendly

Australia : BOQ Convertible Notes Tranche 2 Redemption.

Bank of Queensland Limited ( BOQ ) has, with APRA s approval, given notice to the holders to redeem the A$45 million second tranche of its privately placed A$150 million Lower Tier 2 Convertible Notes ( Convertible Notes ) issued in June 2010.

The Convertible Notes are unlisted and were issued by BOQ in three tranches of A$60 million ( Tranche 1 Notes ), A$45 million ( Tranche 2 Notes ) and A$45 million ( Tranche 3 Notes ).

The Tranche 2 Notes are redeemable at the option of BOQ on any interest payment date on or after the 10th of December 2011 and BOQ has given notice to redeem the notes at face value on the 10th of August 2012.

The Tranche 3 Notes were redeemed on the 10th of February 2012. The Tranche 1 Notes continue to be outstanding in accordance with their terms.

2012 Al Bawaba (

Provided by an company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Aug 11, 2012
Previous Article:Australia : Australia's first cloud based energy monitoring platform receives merit accolade at 2012 National iAward.
Next Article:Australia : ETHAN GROUP gets new CEO.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters