Bank Of Queensland Ltd


Bank Of Queensland Ltd

Latest price

$ 100.79

  • ASX code
  • Maturity date
  • Capital structure
    Senior Unsecured
  • Coupon type
  • Coupon P.A
    BBSW + 1.02%
  • Issue Date
  • Next ex. distribution date
  • Next interest payment date
  • Payment frequency


Bank of Queensland Limited

Base Terms

Debt Instrument Programme dated 18 April 2016

Pricing Supplement

Dated 14 November 2017

Nature of the Bonds

The Bonds are direct, unsubordinated and unsecured obligations of the Issuer and will rank equally among themselves and at least equally with all other unsecured and unsubordinated obligations of the Issuer, except liabilities mandatorily preferred by law.

The Bonds are not protected accounts for the purposes of the Banking Act. In addition, the Bonds are not guaranteed or insured by the Australian Government or under any compensation scheme of the Australian Government, or by any other government, under any other compensation scheme or by any government agency or any other party.

Coupon Schedule to Maturity

  • 16 February 2019
  • 16 May 2019
  • 16 August 2019
  • 16 November 2019
  • 6 February 2020
  • 16 May 2020
  • 16 August 2020
  • 16 November 2020
  • 6 February 2021
  • 16 May 2021
  • 16 August 2021
  • 16 November 2021 - Maturity

Issue Size


Issue Date

16 November 2017

Maturity Date

16 November 2021

Interest Rate

3 month Bank Bill Rate plus 1.02%, payable in arrears on 16 February, 16 May, 16 August and 16 November in each year, including the Maturity Date.

Reset Dates

16 February, 16 May, 16 August and 16 November in each year.

Reference Rate

3 Month BBSW

Interest Margin




Repayment at Par on the Maturity Date

On the Maturity Date, holders are scheduled to receive the Face Value and the final Coupon Payment for the last Interest Period.

Key Risks

The value of an investment in the Notes may fluctuate due to various factors, including investor perceptions, worldwide economic conditions, interest rates, debt market conditions and factors that may affect the Issuer’s financial performance. The following risks may also affect an investment in the Notes:

  • Lack of liquidity - in the secondary market for the Notes;
  • Interest rate risks – holders may suffer unforeseen losses due to fluctuations in interest rates;
  • Regulatory risks - The banking industry in Australia is highly regulated, and regulatory changes may adversely impact affect the Issuer’s financial performance;
  • Litigation risks - Risks relating to litigation and regulatory actions;
  • Operational risks - The risk of loss resulting from inadequate internal processes and controls, people and systems or from external events;
  • Default risk - if an event of default occurs under the Notes, or the Issuer fails to perform any obligation in relation to the Notes, such event or failure may impact on the value of an investment in the Notes, the transferability of the Notes and the ability of a holder to recover amounts due under the Notes.

Key Benefits

Key benefits include:

  • Interest paid quarterly in arrears;
  • Interest paid is floating rate;
  • Interest paid as 100% cash;
  • Interest is not deferrable nor are interest payments discretionary;
  • Rank equally with all other senior and unsecured creditors of the Issuer.

Early Redemption by Issuer

Yes, for tax reasons

Events of Default

Events of Default include:

  • Payment Default: Applicable, with a 5 day cure period for principal and interest payments;
  • Breach of other obligations: Applicable, with a 14 day cure period;
  • Unlawfulness: It becomes unlawful for the Issuer to perform or comply with any one or more of its obligations under the Notes;
  • Insolvency / Winding Up: Applicable; 
  • Enforcement against assets: Applicable, with a cure period of 21 days; 
  • Enforcement of security: Applicable, with a cure period of 14 days.

View all XTBs

Calculate Cash Flows

Use our unique calculator to map your bond cash flows

View Your Income

Yield Calculator

Calculate the yield for fixed or floating coupon XTBs

Calculate now

Top stories

BBSW: Key facts for investors

Read Article

Price and yield – an

Read Article

Differences between shares and bonds

Read Article

Take a hike Running Yield

Read Article