On 25 July, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) launched a new March 2031, Australian dollar denominated syndicated benchmark deal.The forthcoming deal has indicative price guidance of 66-70 basis points over the 10-year futures contract, equivalent to 59.7-63.7 basis points area over Australian Commonwealth government bond. The transaction is expected to price on or before 26 July, according to joint lead managers ANZ, Commonwealth Bank of Australia and UBS.