ACT prices A$1.25 billion transaction

Thursday, 16 February 2023

Updated

Issuer name: Australian Capital Territory
Issuer rating: AAA (S&P)
Issue rating: as issuer
Pricing date: 16 February 2023
Settlement date: 22 February 2023
Maturity date: 23 October 2034
Lead managers: ANZ, Commonwealth Bank of Australia, National Australia Bank, UBS

Transaction type: senior-unsecured
Volume: A$1.25 billion (US$866.2 million)
Total outstanding in the line: A$1.25 billion
Coupon type: fixed
Coupon rate: 4.5%
Issue/re-offer price: 97.950% plus 1.508% accrued
Issue yield: 4.73%
Margin: 85bp/EFP
Margin to ACGB: 80.6bp/ May 2034