On 29 January, Queensland Treasury Corporation (QTC) (AA+/Aa1) launched a minimum A$500 million (US$405.2 million) new five-year floating-rate note (FRN) line as well as a minimum A$500 million increase to its July 2028 benchmark bond. Indicative price guidance for the FRN is in the range of 14.5-16.5 basis points over three-month bank bills and 45-47 basis points over the 10-year futures contract. The 2028 tap is being marketed in the range of 45.5-47.5 basis points over Australian Commonwealth government bond.