On 13 November, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) launched a new March 2025, Australian dollar denominated sustainability bond. The deal is being marketed at 43.5-46.5 basis points area over the three-year futures contract, equivalent to 29.9-32.9 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to joint lead managers ANZ, Bank of America Merrill Lynch and National Australia Bank.