BoQ in demand with eye-catching spread

Brisbane Queensland Fotolia 230x150
By Bill Thornhill
29 Jun 2017

Order book momentum for the first Australian conditional pass through (CPT) issued by Bank of Queensland (BoQ) was quick to build when the deal was finally launched on Thursday, owing to the “eye-catching” initial spread.

After taking the new programme on the road last week and mandating joint leads for the deal on Monday, BoQ finally opened books on Thursday with an initial spread of 30bp over mid-swaps.

The delay between mandating the deal and opening books was because a few major accounts needed ...

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