WATC launches October 2034 Australian dollar deal

Western Australian Treasury Corporation (WATC) (AA+/Aa1) launched a new October 2034, Australian dollar denominated transaction on 25 September. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 94-98 basis points area over the 10-year futures contract, equivalent to 71-75 basis points area over Australian Commonwealth government bond. ANZ is leading.