QTC launches new four-year syndicated FRN deal
- Tuesday, 29 January 2019
On 29 January, Queensland Treasury Corporation (QTC) (AA+/Aa1) launched a new, syndicated domestic floating-rate note (FRN) transaction, due February 2023. The forthcoming deal has indicative price guidance of 20-22 basis points area over three-month BBSW and is 144a eligible. Pricing is expected on or before the day after launch, according to lead managers ANZ and Commonwealth Bank of Australia.
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