Bank of Queensland Issues A$250M Subordinated Notes

Bank of Queensland Limited (AU:BOQ) has released an update.

Bank of Queensland Limited has announced the issuance of A$250 million in Floating Rate Subordinated Notes, set to mature in January 2035. These notes will serve as Tier 2 regulatory capital under Australia’s Basel III framework. The notes may convert to ordinary shares or be written off if the bank becomes non-viable.

For further insights into AU:BOQ stock, check out TipRanks’ Stock Analysis page.