WATC prices A$1 billion FRN

Thursday, 12 January 2023

Updated

Issuer name: Western Australian Treasury Corporation
Issuer rating: AAA/Aa1
Issue rating: as issuer
Pricing date: 12 January 2023
Settlement date: 19 January 2023
Maturity date: 8 March 2028
Lead managers: Deutsche Bank, National Australia Bank

Transaction type: senior-unsecured
Volume: A$1 billion (US$691.6 million)
Total outstanding in the line: A$1 billion
Coupon type: FRN
Coupon rate: 3mBBSW +8bp
Issue/re-offer price: par
Margin: 8bp/3mBBSW