On 22 July, Northern Territory Treasury Corporation (NTTC) (Aa3) launched a new, May 2029, syndicated Australian dollar denominated benchmark transaction. Indicative price guidance for the forthcoming deal is 77-80 basis points area over the 10-year futures contract, equivalent to 77.8-80.8 basis points area over Australian Commonwealth government bond.
On 19 July, Northern Territory Treasury Corporation (NTTC) (Aa3) revealed plans for a new, May 2029, syndicated Australian dollar denominated benchmark deal. The transaction is expected to launch in the near future. ANZ, National Australia Bank and UBS are leading.
As part of its goal of developing global investor engagement with Australasian asset-backed securities, the Australian Securitisation Forum hosts an annual showcase in London. Taking place on 10 June this year, the event attracted a raft of institutional investors to hear more about the Australian housing market and securitisation product.
Western Australia (WA) is emerging from a challenging economic period with a much improved state-government balance sheet and signs of a renaissance in business investment and population growth. Ben Wyatt, WA’s Perth-based state treasurer, discusses the economic trajectory and funding options.