King & Wood Mallesons (KWM) is advising Bank of Queensland Limited (BOQ) on its offer of Capital Notes to raise $325 million, with the ability to raise more or less.
 
BOQ is issuing Capital Notes to raise Additional Tier 1 Capital, which will be used for BOQ’s general corporate and funding purposes, including the partial refinancing of BOQ’s Convertible Preference Shares issued in 2012 through a reinvestment offer.
 
The KWM team was led by Partners Ian Paterson (Banking - Melbourne), Rhys Casey (Corporate M&A - Brisbane), Darren McClafferty (Tax – Melbourne) and Evie Bruce (Managing Partner, Banking – Sydney), with support from Senior Associates Isaac Evans and Sylvester Urban and Solicitors Charlene Soh, Akshay Naran, Stephanie Judd and Samir Bhagat.
 
Commenting on the deal, Rhys Casey said: “‘It has been a pleasure supporting BOQ on this capital transaction, which has received very strong investor support and will deliver increased flexibility in terms of BOQ’s capital management and funding strategy.”