ACT launches 10-year syndicated benchmark transaction
- Monday, 09 April 2018
Australian Capital Territory (ACT) (AAA/S&P) launched a new, Australian dollar-denominated, 10-year syndicated benchmark transaction on 9 April. Indicative price guidance for the forthcoming deal is 52-56 basis points area over the 10-year futures contract, equivalent to 53.5-57.5 basis points area over Australian Commonwealth government bond.
Pricing is expected on the day after launch, according to lead managers ANZ, UBS and Westpac Institutional Bank.
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