BoQ CPS – Broker Firm Allocation
A high yielding income investment in Bank of Queensland
Wealth Focus has secured access to the Bank of Queensland CPS IPO. Investors looking to apply for a guaranteed allocation will need to contact us on 1300 559 869.
Bank of Queensland closing early
We have heard that due to high demand, the broker firm offer will be closing early which we find reassuring. With most of the allocation likely to be used to rolling over existing BOQPC investors, we suspect allocation is going to be hard to come by and are certain that this issue will end up at the bottom of the range of 5.10%-5.30% over the BBSW (indicative rate of 8.33%-8.53%pa – 13/11/12).
As we have previously highlighted in our analysis such as CBA Perls VI, our key concern with these new bank and insurance offers are the mandatory conversion clauses if the issuer falls on hard times. Although these clauses are here to stay, these higher margins reflect the higher risk relative to historical hybrid offers.
- Download a prospectus
- Download a fact sheet
- Download our analysis
- Webinar – An Introduction to Fixed Income
Call us on 1300 559 869 to ask us to secure an allocation.
- Broker firm offer – Our allocation through the broker firm offer means investors are more likely to achieve their desired allocation without waiting for the general or shareholder offer.
- Limited Offer – The offer is to raise $200 Million, with the ability to raise more or less. The shares will be traded on the ASX
- Income – Bank of Queensland CPS provide holders with semi-annual fully franked distributions.
- High level of income – The indicative distribution rate is 5.10%-5.30% over the 180 day Bank Bill Swap Rate (3.23% – 13/11/12) for an indicative rate of 8.33%-8.53%pa.
- Convert existing BOQPC into BOQPD – Existing investors in BOQPC can request a guaranteed conversion to BOQPD through us.
- Minimum investment – $10,000 (this is a Wealth Focus minimum)
- Issue Price – $100
Find out more
If you would like further information on Bank of Queensland CPS Offer, please click on the links below:
- Fact sheet
- Our analysis
- View our online webinar – An Introduction to Fixed Income
Please call us on 1300 559 869 to ask us to secure an allocation.
Wealth Focus Pty Ltd
What do we get paid?
Wealth Focus will receive a payment of up to 1% plus GST of the amount invested. This commission is paid by the product issuer and is NOT an additional charge to the investor.