Bank Of Queensland Limited (ASX: BOQ) has finally completed its fully underwritten $250 million institutional share placement. As part of the placement, BOQ will issue around 32.1 million new fully paid ordinary shares in the company (New Shares) at a price of $7.78 per New Share, representing the top of the bookbuild price range.
New Shares under the placement is likely to settle on 28 November 2019. The Bank will also undertake a share purchase plan (SPP), and the booklet of SPP is expected to be send to Eligible shareholders on or around 3 December 2019.
At AEST 01:13 PM, BOQ stock was trading at $8.160, down by 5.556% from the previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.