Brief: Bank Of Queensland Announces Strategic Capital Partnership With Challenger
07/04/2026 02:57
April 7 (Reuters) - Bank of Queensland BOQ.AX: ANNOUNCES STRATEGIC CAPITAL PARTNERSHIP WITH CHALLENGER CO AND CHALLENGER ENTER WHOLE-OF-LOAN SALE AND FORWARD FLOW ARRANGEMENT ANNOUNCES A$3.7 BILLION WHOLE-OF-LOAN SALE; EXPECTS A$3.4 BILLION DEBT REDUCTION, A$300 MILLION RETURN TO SHAREHOLDERS PLANS ON-MARKET BUYBACK AND FULLY FRANKED SPECIAL DIVIDEND, SUBJECT TO APPROVALS DEAL EXPECTED TO COMPLETE BY END OF MAY 2026 1H26 STATUTORY ACCOUNTS INCLUDE ESTIMATED A$31 MILLION POST-TAX LOSS PARTNERSHIP EXPECTED TO BE ROE AND EPS ACCRETIVE; FY26 CASH ROE UPLIFT OF 15–25 BPS ANTICIPATED Further company coverage: BOQ.AX ((Reuters.Briefs@thomsonreuters.com;))
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