On September 10, Queensland Treasury Corporation (QTC) (AA+/Aa1) launched and priced a new November 2018 maturity benchmark floating-rate note (FRN) issue after mandating the transaction a day earlier. QTC is the second semi-government issuer to access the four-year part of the curve in FRN format since the Australian Prudential Regulation Authority confirmed plans to ease the liquidity coverage ratio regime on September 4.