24 September 2012 6:36am

Doubts are emerging once more that the Bank of Queensland may not redeem the A$200 million of its hybrid securities, known as PEPS, on the first call date, of 17 December, 2012, as many investors in the securities five years ago would have expected.

If BOQ fails to redeem the PEPS, it will become the first Australian bank not to redeem a tier-one hybrid capital note at the earliest opportunity to do so.

Speculation over the decision the Bank of Queensland will take concerning whether to redeem the perpetual preference shares may affect the decisions of Bendigo and Adelaide...