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Tuesday, 18 December 2018

TCorp’s 2018/19 funding requirement remains unchanged after mid-year review

New South Wales Treasury Corporation (TCorp) revealed an unchanged funding requirement of A$6.6 billion (US$4.7 billion) for the 2018/19 financial year on 18 December, following the release of the state government’s half-yearly review (see table).

Wednesday, 05 December 2018
Dec/Jan 2018/19

KangaNews Awards 2018: winners announced

KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2017. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2017 in the Australian and New Zealand debt markets.

Monday, 12 November 2018

TCorp takes Australia’s green-bond market to the next level

The scale of New South Wales (NSW)’s infrastructure task and its well-defined links with sustainable outcomes – in both the environmental and social arenas – enabled NSW Treasury Corporation (TCorp) to debut in the green-bond market with a blockbuster deal. TCorp issued A$1.8 billion (US$1.3 billion) of 10-year green bonds on 9 November.

Thursday, 08 November 2018

TCorp launches 10-year green bond by syndication

On 8 November, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) launched a minimum A$500 million (US$364 million) green-bond transaction by syndication, due November 2028. Indicative price guidance for the forthcoming deal is 44-46 basis points over Australian Commonwealth government bond. Pricing is expected on or before 9 November, according to lead managers ANZ, Bank of America Merrill Lynch and National Australia Bank.

Monday, 29 October 2018

TCorp plans investor meetings ahead of debut green bond

On 29 October, New South Wales Treasury Corportion (TCorp) (AAA/Aaa) revealed plans for a series of fixed-income investor meetings to be held commencing 31 October ahead of a potential debut Australian dollar green bond. National Australia Bank is structuring arranger and joint bookrunner alongside ANZ and Bank of America Merrill Lynch.

Friday, 12 October 2018
Oct/Nov 2018

Blockchain’s potential on show

World Bank priced a historic bond using blockchain technology in Kangaroo format, on 23 August. Bond-i – the “blockchain-operated new debt instrument” – is the world’s first blockchain bond. The technology is nascent, but deal participants are confident in the security of the platform and adamant about its potential to offer increased efficiency and transparency.

Wednesday, 03 October 2018

Debt markets take the climate-change initiative

The race to save the planet is real. The science is grim – some say it is already too late to save our species. However, the fact that the transition to a low-carbon economy is as much an economic issue as an environmental one gives debt-market participants reason to be optimistic.

Tuesday, 11 September 2018

TCorp launches new March 2034 syndicated transaction

On 11 September, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) launched a new, minimum A$50 million (US$35.5 million) syndicated transaction, due March 2034. Indicative price guidance for the forthcoming deal is 46 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to lead manager J.P. Morgan.