ACT launches 10-year syndicated benchmark transaction

Monday, 09 April 2018

Australian Capital Territory (ACT) (AAA/S&P) launched a new, Australian dollar-denominated, 10-year syndicated benchmark transaction on 9 April. Indicative price guidance for the forthcoming deal is 52-56 basis points area over the 10-year futures contract, equivalent to 53.5-57.5 basis points area over Australian Commonwealth government bond.

Pricing is expected on the day after launch, according to lead managers ANZ, UBS and Westpac Institutional Bank.