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Tuesday 03 May 2016 by FIIG Research New issues list

New Issues

New issues for the period 26 April – 3 May 2016 including: Bank of Queensland, Province of Québec and Queensland Treasury Corporation

Bank of Queensland (BOQ)

BOQ priced a ten year floating rate bond on 27 April 2016.

Volume: A$150m
Type: FRN
Coupon rate: 3m BBSW +340bps
Issue/re-offer price: par
Margin to swap: 340bps/3m BBSW
Maturity date: 10 May 2026

Province of Québec (Québec)

Québec priced two taps to its May 2026 bond.

Issue date: 28 April 2016
Volume: A$40m
Coupon type: fixed
Coupon rate: 3.7%
Issue/re-offer price: 102.896%
Issue yield: 3.3575%
Maturity date: 20 May 2026

Issue date: 29 April 2016
Volume: A$20m
Coupon type: fixed
Coupon rate: 3.7%
Issue/re-offer price: 102.767% (plus 1.738% accrued)
Issue yield: 3.3725%
Maturity date: 20 May 2026

Queensland Treasury Corporation (QTC)

QTC priced a new, twelve year fixed rate bond on 27 April 2016.

Volume: A$1.0bn
Type: Fixed
Coupon rate: 3.25%
Issue/re-offer price: 99.696% (plus 0.929% accrued)
Issue yield: 3.28%
Maturity date: 21 July 2028

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