ACT launches domestic dual-tranche deal

On 7 April, Australian Capital Territory (ACT) (AAA by S&P) launched an Australian dollar denominated, syndicated, dual-tranche transaction. The offer is a new three-year bullet benchmark alongside a tap of the May 2029 maturity. Indicative price guidance for the forthcoming deal is, respectively, 56-60 basis points area over futures and 80-84 basis points area over futures.