Queensland Treasury Corporation
Queensland Treasury Corporation (QTC) tells KangaNews a disrupted market earlier in the year delayed its return to the green-bond market. Its latest transaction was greeted with a significant oversubscription and greater participation from offshore.
On 9 November, Queensland Treasury Corporation (QTC) (AA+/Aa1/AA) launched a new Australian dollar denominated, March 2031, syndicated, green-bond transaction. Indicative price guidance for the deal is 21-24 basis points area over 10-year futures contract, equivalent to 21.3-24.3 basis points area over Australian Commonwealth government bond.
On 7 September, Queensland Treasury Corporation (QTC) announced an indicative 2020/21 financial year borrowing requirement of A$21 billion (US$15.3 billion) following the release of the Queensland government’s COVID-19 fiscal and economic review. QTC has raised A$7 billion toward this requirement since 1 July.
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