New South Wales Treasury Corporation
The scale of New South Wales (NSW)’s infrastructure task and its well-defined links with sustainable outcomes – in both the environmental and social arenas – enabled NSW Treasury Corporation (TCorp) to debut in the green-bond market with a blockbuster deal. TCorp issued A$1.8 billion (US$1.3 billion) of 10-year green bonds on 9 November.
New South Wales Treasury Corporation (TCorp) revealed a A$3.7 billion (US$2.5 billion) increase to its funding requirement for the 2019/20 financial year on 12 December, following the release of the state government’s half-yearly review (see table).
KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2019. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2019 in the Australian and New Zealand debt markets.
As a growing group of borrowers become seasoned issuers in the green, social and sustainability (GSS) bond market, participants’ attention is increasingly turning to ongoing reporting on use of proceeds and sustainable assets. New South Wales Treasury Corporation (TCorp) took a lead position on reporting in October and followed a few weeks later with a second GSS bond.
On 13 November, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) launched a new March 2025, Australian dollar denominated sustainability bond. The deal is being marketed at 43.5-46.5 basis points area over the three-year futures contract, equivalent to 29.9-32.9 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to joint lead managers ANZ, Bank of America Merrill Lynch and National Australia Bank.