QTC launches November 2024 syndicated FRN

On 19 February, Queensland Treasury Corporation (QTC) (AA+/Aa1/AA) launched a new November 2024, Australian dollar denominated, syndicated, floating-rate note (FRN) transaction. The forthcoming deal is being marketed at 23.5-25.5 basis points area over three-month bank bills. Pricing is expected on the day after launch, according to ANZ and Commonwealth Bank of Australia.