Queensland Treasury Corporation
On 8 April, Queensland Treasury Corporation (QTC) (AA+/Aa1/AA) launched a new, six-year, floating-rate note (FRN) deal with indicative price guidance of 8-9 basis points area over three-month bank bills. Pricing is expected on the day of launch, according to lead managers ANZ, National Australia Bank and UBS.
On 7 April, Queensland Treasury Corporation (QTC) (AA+/Aa1/AA) mandated ANZ, National Australia Bank and UBS as lead managers for a potential new Australian dollar denominated, syndicated, five- or six-year, floating-rate note (FRN) transaction.
Key data and information on 15 high-grade lenders active in Australia and New Zealand, including programme information, funding strategy, debt data and issuer insights.
At one stage in 2020 it seemed Australia’s government-sector borrowers might end up with funding requirements larger than the market’s ability to support them. By the time the sector’s biggest issuers came together at a KangaNews roundtable in early February 2021, however, tasks had mainly come under control and issuance was well ahead of the required run rate.
The Australian sovereign and semi-government bond market faced game-changing challenges in 2020. Greatly increased issuance requirements seem baked in for the foreseeable future, but those most responsible for distributing and trading the bonds appear relatively confident that – despite resumed volatility in late February – the market is set up well for the pandemic end game.
HIGH-GRADE ISSUERS YEARBOOK 2021
The ultimate guide to Australian and New Zealand government-sector borrowers.