On February 18, Western Australian Treasury Corporation (WATC) (AA+/Aaa) priced a new fixed-rate October 2018 transaction in the domestic market in what is the borrower's first syndicated deal of the year. According to KangaNews data, WATC priced its previous syndicated domestic deal on December 5, a four-year floating rate note issue with a volume of A$600 million (US$542.8 million) and pricing of 12 basis points over bank bill swap rate.