Queensland Treasury Corporation
QTC prints A$2 billion six-year FRN
QTC launches six-year FRN transaction
On 8 April, Queensland Treasury Corporation (QTC) (AA+/Aa1/AA) launched a new, six-year, floating-rate note (FRN) deal with indicative price guidance of 8-9 basis points area over three-month bank bills. Pricing is expected on the day of launch, according to lead managers ANZ, National Australia Bank and UBS.
QTC planning new mid-curve FRN transaction via syndication
On 7 April, Queensland Treasury Corporation (QTC) (AA+/Aa1/AA) mandated ANZ, National Australia Bank and UBS as lead managers for a potential new Australian dollar denominated, syndicated, five- or six-year, floating-rate note (FRN) transaction.
High-grade issuer profiles and perspectives 2021
Key data and information on 15 high-grade lenders active in Australia and New Zealand, including programme information, funding strategy, debt data and issuer insights.
Australian borrowers do the heavy lifting
At one stage in 2020 it seemed Australia’s government-sector borrowers might end up with funding requirements larger than the market’s ability to support them. By the time the sector’s biggest issuers came together at a KangaNews roundtable in early February 2021, however, tasks had mainly come under control and issuance was well ahead of the required run rate.
No false moves
The Australian sovereign and semi-government bond market faced game-changing challenges in 2020. Greatly increased issuance requirements seem baked in for the foreseeable future, but those most responsible for distributing and trading the bonds appear relatively confident that – despite resumed volatility in late February – the market is set up well for the pandemic end game.
HIGH-GRADE ISSUERS YEARBOOK 2021
The ultimate guide to Australian and New Zealand government-sector borrowers.
