QTC uses bookbuild to price A$3.25 billion new 2019
On June 18 Queensland Treasury Corporation (QTC) (AA+/Aa1/AA+) priced its first domestic benchmark bond via bookbuild, with the issuer confirming that the new 2019 maturity will, like the rest of its outstanding lines, be covered by the government guarantee on state funding when that scheme is finalised.ING gets A$2 billion in five-year AUD benchmark
ING Bank Australia (ING Australia) (AA-) priced its new five-year domestic bond under the terms of the Australian sovereign guarantee on June 17, netting A$2 billion (US$1.6 billion) across the fixed and floating tranches of the deal. The transaction priced at the expected rate of 65 basis points over swap and is the fourth benchmark Australian market deal from an offshore-parented bank in June 2009.