New South Wales Treasury Corporation

Monday, 12 November 2018
Dec/Jan 2018/19 IWI Supplement

TCorp takes Australia’s green-bond market to the next level

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.

Wednesday, 01 April 2020

TCorp launches domestic syndicated benchmark deal

On 1 April, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) launched an Australian dollar denominated, syndicated transaction. The offer is a new October 2023, benchmark, floating-rate note and an increase to its February 2024, fixed-rate maturity. Indicative price guidance for the forthcoming deal is, respectively, 36-40 basis points area over three-month bank bills and 49-53 basis points area over Australian Commonwealth government bond.

Tuesday, 31 March 2020

TCorp sounding investors for domestic syndicated benchmark deal

On 31 March, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) revealed plans for a new Australian dollar denominated, syndicated, benchmark transaction, proposed in either or both fixed and floating-rate note (FRN) formats. The potential fixed-rate offer would be an increase of its February 2024 maturity while the FRN would be a new October 2023 line. The issuer is inviting investors to provide views on pricing and indicative demand.

Monday, 02 March 2020

Demand surge continues for semi-government syndications

Demand for syndicated primary issuance of semi-government paper continued through at least the last week of February, driven by relative value in the sector, a lack of other high-grade supply and, most recently, investor flight to quality.

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