On 18 February, Northern Territory Treasury Corporation (NTTC) (Aa3) mandated ANZ, National Australia Bank and UBS for a new April 2031, Australian dollar denominated, syndicated, benchmark transaction. The deal is expected to launch in the near future.
On 18 February, Queensland Treasury Corporation (QTC) (AA+/Aa1/AA) mandated ANZ and Commonwealth Bank of Australia for a new November 2024, Australian dollar denominated, syndicated, floating-rate note (FRN) transaction.
On 18 February, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched a syndicated tap of its May 2041 bond line. The issuer states that volume will be ‘modest’. Indicative price guidance for the forthcoming transaction, which is expected to price on the day after launch, is 49-51 basis points area over 10-year futures contract. Commonwealth Bank of Australia, J.P. Morgan and UBS are leading.