Treasury Corporation of Victoria
The development of long-dated liquidity is a massive agenda item for the Australian debt market, as sovereign issuance soars and yield at the front end stays anchored. Local and global market participants shared views on how duration has evolved internationally and what might be in store for Australia, at a November KangaNews Debt Capital Markets Summit 2020 webinar.
Treasury Corporation of Victoria returned to green, social and sustainability bond issuance on 16 September with an invigorated and larger programme. The borrower wants its new 2035 sustainability bond to be considered a part of, rather than an adjunct to, its vanilla curve and as such it plans further to increase its volume on issue from the initial A$2.5 billion (US$1.8 billion).
Victoria has been at the tip of the spear in Australia’s state-by-state fight against COVID-19, coping with a protracted lockdown through mid-2020 and a new outbreak of the pandemic in June 2021. As the state emerged from its latest lockdown – just as other states were confronting emergency countermeasures of their own – Victoria’s treasurer, Tim Pallas, talks to KangaNews about government support and investment for the recovery.
HIGH-GRADE ISSUERS YEARBOOK 2021
The ultimate guide to Australian and New Zealand government-sector borrowers.