QTC prices Kauri tap but basis still tough for offshore names [UPDATED]
- Saturday, 13 September 2008
Queensland Treasury Corporation (AAA/Aaa/AAA) (QTC) priced a NZ$175 million (US$114.56 million) increase to its 2017 Kauri bond on September 12. However, a negative trend in the New Zealand basis continues to make conditions difficult for offshore issuers outside Australia.
