On 20 February, Northern Territory Treasury Corporation (NTTC) (Aa3) launched a new, domestic, benchmark bond maturing in April 2031. The forthcoming deal has indicative price guidance of 89-93 basis points over the 10-year futures contract, equal to 85.4-89.4 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers ANZ, National Australia Bank and UBS.