TCorp's A$1.5 billion guaranteed 2020 gets double oversubscription [UPDATED]
- Thursday, 22 October 2009
New South Wales Treasury Corporation (TCorp) (AAA/Aaa) priced the maximum target volume of A$1.5 billion (US$1.39 billion) in its new 2020 benchmark line on October 22, with total bids on the deal of almost double the eventual size. The syndicated deal was TCorp's first new line to be brought to market with the expectation of coverage under the Commonwealth government's guarantee programme.
