TCV launches March 2024 benchmark FRN deal

On 12 October, Treasury Corporation of Victoria (TCV) (AAA/Aaa) launched a new March 2024, Australian dollar denominated, floating-rate note (FRN), benchmark transaction. Indicative price guidance for the forthcoming deal is 13-15 basis points area over three-month bank bills. Pricing is expected on the day of launch, according to lead managers ANZ, BofA Securities and Westpac Institutional Bank.