Transpower shortened tenor and issued a floating-rate coupon to ensure smooth execution for its debut green bond, the issuer says. The deal represents the first step to a green debt portfolio for Transpower, which plans three or four further transactions in 2022.
Treasury Corporation of Victoria exploited bank balance sheet demand for floating rate notes to print its largest-ever syndicated transaction in a period that has seen little of this type of issuance from semi-government names. The issuer says floating-rate supply forms part of its flexible funding strategy.