WATC issues A$1 billion in new 2012 without syndication [UPDATED]

Western Australia Treasury Corporation (WATC) (AAA/Aaa) achieved target issuance of A$1 billion (US$923.2 million) in its new July 2012 benchmark line on November 24 via a new money and consolidation tender on November 24. Although, WATC did not use syndication for the new deal it will still consider it for longer-dated or larger new line transactions in future.