TCorp mandates syndicated tap of 2030 nominal benchmark bond

New South Wales Treasury Corporation (TCorp) (AAA/Aaa) mandated a syndicated tap of its 20 February 2030 nominal benchmark bond on 24 July. The tap issue will bring the total amount outstanding in this line to more than A$1 billion (US$791 million) and is driven by a requirement to lengthen TCorp’s debt profile, the issuer reveals.