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Bank of Queensland to raise A$300M in note issue

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Bank of Queensland to raise A$300M in note issue

Bank of Queensland Ltd. plans to raise A$300 million by issuing unsecured, perpetual convertible notes.

The bank said the notes will be issued Dec. 28. As part of the offering, eligible holders of convertible preference shares can apply to have their preference shares bought back by the bank and have the proceeds applied to the acquisition of the notes.