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, 17 July 2019
Jun/Jul 2019

A new episode for TCorp

New South Wales Treasury Corporation (TCorp) has a 2019/20 funding programme twice the size of the year prior and is changing its issuance and investor-relations strategy as a result. A government commitment to investment in infrastructure is a central driver of the funding need.

Friday, 28 June 2019

HQLA revision already moving the dial for semi-government sector

Bank balance sheets doubled their participation in New South Wales Treasury Corporation (TCorp)’s latest syndication. Market participants say this is no surprise given a recent tweak to Australia's liquid-assets regime for major banks – adding that the changes should drive further incremental bank demand to local high-grade issuers.

Sunday, 23 June 2019

TCorp announces April 2029 syndicated tap

On 24 June, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) launched a syndicated increase to its April 2029 line. Indicative price guidance for the forthcoming transaction is 51.25-54.25 basis points area over the 10-year futures contract, equivalent to 52-55 basis points area over Australian Commonwealth government bond.

Tuesday, 18 June 2019

TCorp to go big on infrastructure funding

On 18 June, following the release of the New South Wales (NSW) state budget on the same day, New South Wales Treasury Corporation (TCorp) revealed a borrowing requirement for the 2019/20 financial year of A$13.3 billion (US$9.1 billion). The requirement represents a A$1.4 billion increase from the estimate at the 2018/19 budget.

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