New South Wales Treasury Corporation (TCorp) (AAA/Aaa/AAA) closed its A$1.55 billion (US$1.55 billion) new February 2018 benchmark bond line on February 1. The transaction – which will be TCorp's first new issue following its mid-year funding programme update – was conducted via bookbuild and was significantly oversubscribed. It priced at 49 basis points over the January 2018 government bond.