Maturities and lower pre-funding behind increased TCorp requirement
- Monday, 06 June 2011
New South Wales Treasury Corporation (TCorp) has revealed a projected funding requirement of A$11.5 billion (US$12.4 billion) for the 2011/12 financial year, with a slight increase in the headline total being caused by a marginal increase in maturing bond volume and a lower level of pre-funding than last year. The state treasury corporation also disclosed plans to add a new, long-dated benchmark in the next 12 months.
