On 19 March, Treasury Corporation of Victoria (TCV) (AAA/Aaa) launched a new, Australian dollar denominated benchmark October 2029 syndicated deal. The forthcoming transaction is being marketed at 54-57 basis points area over the 10-year futures contract, equivalent to 53-56 basis points area over Australian Commonwealth government bond. Pricing is expected on or before the day after launch, according to lead managers Commonwealth Bank of Australia, Deutsche Bank, UBS and Westpac Institutional Bank.