TCorp's funding programme unchanged at update as international investor base grows
New South Wales Treasury Corporation (TCorp) (AAA/Aaa) has completed its half-yearly review of its 2010/11 budget, announcing that the semi-government's funding programme will
remain unchanged from the target figure of A$10 billion (US$9.97 billion). The state funding agency tells
KangaNews it is pleased with the increased number of offshore central banks participating in its deals, while it also hopes to increase its inflation-linked issuance.
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RBNZ sets local covered bond issuance limit at 10 per cent of total assets
The Reserve Bank of New Zealand (RBNZ) announced the regulatory limit for covered bond issuance by local banks on January 21, with the cap – of 10 per cent of a bank's total assets – matching the hopes of domestic borrowers. The level is higher than the equivalent cap in other jurisdictions, and the limit – of 5 per cent – hinted at by the Australian federal treasurer, Wayne Swan, when he last year
proposed the adoption of the asset class in Australia.
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