On March 11, New South Wales Treasury Corporation (TCorp) (AAA/Aaa) priced a new 4.5-year floating rate note (FRN). The transaction was upsized from a minimum A$500 million (US$451.3 million) sum. According to KangaNews data, TCorp is the third benchmark syndicated FRN issue this year following similar deals by South Australian Government Financing Authority and Queensland Treasury Corporation.
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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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