WATC prices its second new benchmark line of 2016 [UPDATED]

On April 19, Western Australian Treasury Corporation (WATC) (AA+/Aa2) priced its second benchmark transaction of 2016. According to KangaNews data, WATC was most recently in the domestic market in March of this year when it priced A$750 million (US$575.5 million) of five-year paper at 30 basis points over bank bills.