Full pricing details on TCorp’s A$1 billion 2027 benchmark bond

Friday, 24 March 2017

Updated

Issuer name: New South Wales Treasury Corporation
Issuer rating: AAA/Aaa
Issue rating: as issuer
Pricing date: 23 March 2027
Settlement date: 27 March 2027
Maturity date: 20 May 2027
Lead managers: Commonwealth Bank of Australia, Deutsche Bank, UBS

Volume: A$1 billion (US$763.4 million)
Total outstanding in this line: A$1 billion
Coupon type: fixed
Coupon rate: 3%
Issue/re-offer price: 99.176% (plus 1.052% accrued)
Issue yield: 3.095%
Margin to ACGB: 35bp/April 2027
Margin to EFP: 31bp