TCV launches November 2030 syndicated benchmark deal

Treasury Corporation of Victoria (TCV) (AAA/Aaa) launched a new November 2030, Australian dollar denominated, syndicated, benchmark transaction on 17 February. Indicative price guidance for the forthcoming deal is 49-52 basis points area over 10-year futures contract, equivalent to 48.9-51.9 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to joint lead managers ANZ, Citi, Deutsche Bank and UBS.