QTC's syndicated benchmark bond progresses to launch

On 10 October, Queensland Treasury Corporation (QTC) (AA+/Aa1) launched the syndication of a new benchmark Australian dollar bond due 21 August 2030. Initial price guidance on the 144A-eligible notes is 74 to 77 basis points over the 10-year futures contract.

ANZ, Citi, Deutsche Bank and Westpac Institutional Bank are leading the deal, which is due to price on or before 11 October.