Western Australian Treasury Corporation

Friday, 18 January 2019

Mining capex and GST review driving WA recovery

Western Australia (WA)’s economy is continuing an upward trajectory, with increased mining revenues and a favourable reallocation of goods and services tax (GST) among the main drivers of fiscal improvement. The state is now forecasting a fiscal surplus in 2019/20, one year earlier than expected.

Sunday, 29 November 2020

WATC launches benchmark March 2026 FRN

Western Australian Treasury Corporation (WATC) (AA+/Aa1) launched a new Australian dollar denominated, March 2026, syndicated, benchmark, floating-rate note (FRN) transaction on 30 November. The deal, which is expected to price on the day of launch, is being marketed at 10-13 basis points area over three-month bank bills.

Friday, 27 November 2020

WATC readying March 2026 FRN via syndication

On 27 November, Western Australian Treasury Corporation (WATC) (AA+/Aa1) mandated Commonwealth Bank of Australia, UBS and Westpac Institutional Bank as lead managers for a new March 2026, syndicated, floating-rate note (FRN) transaction.

Thursday, 08 October 2020

WATC’s new-money requirement in 2020/21 borrowing programme within expectations

Western Australian Treasury Corporation (WATC) revealed a A$4.3 billion (US$3.1 billion) borrowing programme for the 2020/21 financial year on 9 October, following the release of the Western Australian state budget the previous day. It is at the upper end of the A$2.6-4.5 billion estimate provided at the state’s last budget update on 29 May.

Thursday, 16 July 2020
Jun/Jul 2020

WA keeps on its toes as lockdown end nears

Western Australia (WA) has had among Australia’s best outcomes when it comes to the health aspect of the COVID-19 crisis, allowing it to project a target date for the lifting of all remaining social restrictions state-wide. Ben Wyatt, WA’s Perth-based treasurer, discusses the state’s economic response and outlook.

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