Deal and ratings review, week ending 22 March 2019

Government-sector syndicated issuance was to the fore in the Australian market during the third full week of March, with Treasury Corporation of Victoria pricing a A$2.5 billion (US$1.8 billion) 10-year deal and National Housing Finance and Investment Corporation's inaugural A$315 million 10-year social bond. Insurance Australia Group, meanwhile, priced a A$450 million tier-two deal.