King & Wood Mallesons (KWM) is advising Bank of Queensland Limited (BOQ) on its offer of Capital Notes 2 to raise $250 million, with the ability to raise more or less.
BOQ is issuing Capital Notes 2 to raise Additional Tier 1 Capital as part of its capital management strategy. The proceeds of Capital Notes 2 will be used for BOQ's general corporate and funding purposes.
Commenting on the transaction, Rhys Casey said: "It has been a pleasure supporting BOQ on this capital transaction, which has received strong investor support and will deliver an important result in terms of BOQ's ongoing capital management and funding strategy."
KWM is a leading adviser in hybrid securities and has a proud relationship with BOQ, having acted on the issue of BOQ's Capital Notes 1 in 2017.