Summary: BoQ to issue hybrid security as per APRA agreement; first call date in 2027; new notes initially to pay around 3.90% (annualised, including franking credits). In recent years, when an existing Australian hybrid approaches its first call date, or its first optional exchange date, speculation turns to the likelihood of a replacement security. Bank of Queensland’s (BoQ) unlisted wholesale capital notes were redeemed with APRA approval in late-May...