TCV launches dual-tranche syndicated increase

Treasury Corporation Victoria (TCV) (AAA/Aaa) launched syndicated increases of its October 2028 and December 2032 bond lines on 22 January. Indicative price guidance is in the range of 39-41 basis points and 64-67 basis points over EFP respectively.

Pricing is expected on the day after launch, according to lead managers Bank of America Merrill Lynch, Deutsche Bank, National Australia Bank and UBS.