New benchmark issue from WATC

02 June 2016

 

For a short time early in the year there was a trend for semi-government issuers to favour floating rate notes. However, a new trend seems to be emerging. State borrowers are now issuing fixed rate bonds again but maturities appear to be lengthening. Tascorp began with a new 2046 bond issued in April, followed up with a $450 million tap in May. Now WATC has raised $700 million via a...

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