Australian Capital Territory (ACT) (AAA by S&P) launched a new, 10-year, benchmark domestic deal by syndication, on 15 May. The forthcoming transaction is being marketed in the range of 63-67 basis points area over the 10-year futures contract, equivalent to 64.25-68.25 basis points area over Australian Commonwealth government bond.
Western Australian Treasury Corporation (WATC) revealed a A$7.7 billion (US$5.3 billion) borrowing programme for the 2019/20 financial year on 13 May, following the release of the Western Australia (WA) state budget on 9 May. The new-money requirement is A$1.1 billion, down from the estimated A$1.5 billion at the last update on 31 March.
On 10 May, Australian Capital Territory (ACT) (AAA by S&P) revealed plans for a new, 10-year, domestic benchmark transaction, expected to launch in the near future. Commonwealth Bank of Australia, National Australia Bank and UBS have been mandated as joint lead managers.
The Australian Sustainable Finance Initiative (ASFI) aims to “set out a roadmap for realigning the finance sector to support greater social, environmental and economic outcomes”. Following its launch at the end of March, KangaNews spoke to seven member institutions of the ASFI steering committee about the initiative’s goals and how they will be measured.