NTTC launches syndicated increase to 2033 line

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.