More short-term TCV issuance coming in preparation for asset lease proceeds
- Thursday, 08 May 2014
The state of Victoria's plans to lease out the Port of Melbourne – with proceeds expected to hit state coffers in the 2015/16 financial year – have reshaped the borrowing plans of Treasury Corporation of Victoria (TCV). With the port lease proceeds slated for use to pay down state debt, TCV expects to conduct a greater-than-usual proportion of its 2014/15 funding task in short-term markets.
