TCorp sounding investors for domestic syndicated benchmark deal

On 31 March, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) revealed plans for a new Australian dollar denominated, syndicated, benchmark transaction, proposed in either or both fixed and floating-rate note (FRN) formats. The potential fixed-rate offer would be an increase of its February 2024 maturity while the FRN would be a new October 2023 line. The issuer is inviting investors to provide views on pricing and indicative demand.