WATC’s latest issue is a floater

09 December 2015

 

In a move which goes against the trend of other state debt issuers at present, the Western Australian Treasury Corporation (WATC) has decided to issue $250 million worth of a new line of floating rate notes. While the issue of floating rate securities by state government borrowing authorities is not unusual, it’s not a particularly common practice either. WATC last issued floating rate notes in early October and NSW’s TCorp...

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