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Wednesday, 24 February 2010 16:24 |
The A$500 million new September 2011 issue completed by Treasury Corporation of Victoria (TCV) (AAA/Aaa) on February 24 was a one-off, private market trade and not the inauguration of a new benchmark, the issuer says. The deal’s lead managers, ANZ and UBS Investment Bank, say it was based on reverse inquiry while TCV had a specific client position it wished to cover.
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