TCorp's buyback highlights ever-tighter semi supply as HQLA requirement grows [UPDATED]
- Thursday, 26 November 2015
The repurchase of A$526 million (US$379.8 million) of benchmark bonds by New South Wales Treasury Corporation (TCorp) on November 26-27 puts the issue of limited semi-government bond supply in the spotlight, say analysts and other market participants. TCorp completed the second of two buyback tenders on November 27, retiring A$300 million to add to the A$226 million taken out the preceding day.
