WATC launches benchmark March 2026 FRN
- Monday, 30 November 2020
Western Australian Treasury Corporation (WATC) (AA+/Aa1) launched a new Australian dollar denominated, March 2026, syndicated, benchmark, floating-rate note (FRN) transaction on 30 November. The deal, which is expected to price on the day of launch, is being marketed at 10-13 basis points area over three-month bank bills.
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