WATC launches new October 2031 syndicated deal

On 18 May, Western Australian Treasury Corporation (WATC) (AA+/Aa1) launched a new October 2031, Australian dollar denominated, syndicated, benchmark transaction. The forthcoming deal is being marketed at 76-80 basis points area over 10-year futures contract, equivalent to 68.2-72.2 basis points area over Australian Commonwealth government bond.