QTC will use guarantee to assist A$22.5 billion funding task
- Wednesday, 17 June 2009
Queensland Treasury Corporation (QTC) (AA+/Aa1/AA+) will use the government guarantee on state borrowing to help it fill a funding task of A$22.54 billion (US$17.86 billion) for the financial year 2009/10. Queensland treasurer Andrew Fraser says the guarantee will be applied to all outstanding lines and while QTC intends to guarantee future issues it also "reserved the right to issue non-guaranteed bond lines".
