Queensland Treasury Corporation says offering the first semi-government green-bond syndication of the year only increased demand for new issuance from the sector – particularly from international accounts, which bought around one-third of the deal. Bids comfortably outstripped final volume even when pricing tightened to the left end of the marketing range.

Queensland Treasury Corporation capitalised on increased domestic demand for longer tenor issuance, international appetite for Australian government and semi-government paper, and generally positive market sentiment to print a new 12-year transaction. The issuer says the placement helps smooth and extend its maturity profile.

At the end of October 2022, the Commonwealth Bank of Australia Global Markets Conference returned to Sydney for the first time since the pandemic. The event presents a unique opportunity for international and local investors to hear about the economies and fixed-income markets of Australia and New Zealand.