NTTC launches A$100 million minimum syndicated increase

On 17 September, Northern Territory Treasury Corporation (NTTC) (Aa3) launched a A$100 million (US$72.7 million) minimum, syndicated increase to its April 2033 line. Indicative price guidance for the deal is 116 basis points area over 10-year futures contract, equivalent to 106 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager UBS.