Northern Territory Treasury Corporation (NTTC) (Aa2) has launched a minimum A$50 million (US$38.8 million) syndicated increase to its April 2033 line. The forthcoming deal, which has UBS as its lead, is being marketed in the area of 75 basis points over Australian Commonwealth government bond. Pricing is expected on the day of launch, 22 March.
The New Zealand Debt Management Office (NZDMO) says that with the dust settling on the outcome of last year’s election, and New Zealand dollar market conditions remaining conducive, the time was right to issue its new April 2029 nominal bond. The transaction received substantial demand from offshore, resulting in the largest-ever book for a NZDMO syndication.