New benchmark-sized bond from TCorp

06 April 2016

 

TCorp, the financing arm of the New South Wales Government, has announced it intends to issue a new line of March 2028 bonds in order to raise at least $500 million. TCorp said the new bonds would be sold via a syndication process later this week and were intended to lengthen TCorp’s debt maturity profile. It intends the new bonds to be given “benchmark” status, which means the issue size...

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