WATC launches 10-year syndicated benchmark bond
- Thursday, 12 April 2018
Western Australian Treasury Corporation (WATC) (AA+/Aa2) launched a new, 10-year syndicated benchmark bond on 12 April. The forthcoming deal is being marketed at 63-67 basis points area over the 10-year futures contract. Pricing is expected on the day after launch, according to lead managers Commonwealth Bank of Australia, Citi, Deutsche Bank and UBS.
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