QTC’s term-funding requirement increases following mid-year review
On 19 December, Queensland Treasury Corporation (QTC) revealed its term-funding programme for 2017/18 has been increased by A$200 million (US$153.4 million) following the Queensland government’s mid-year fiscal and economic review. The increase brings QTC’s total requirement for the year to A$7 billion, of which the treasury corporation confirms it has already raised A$6 billion.
University of Melbourne finds a new home for long-dated bonds in Australian dollars
In the wake of a 25-year domestic deal for University of Melbourne, issuer and intermediary suggest the Australian market could provide a feasible alternative for issuers that regularly access the US private placement (USPP) market for longer tenor. They also say that although the deal’s size was modest, the potential investor base is larger than this transaction uncovered.
TCV’s term-funding requirement falls on mid-year review
Treasury Corporation of Victoria (TCV) lowered its funding requirement for the remainder of the 2017/18 fiscal year, following Victoria’s mid-year budget update. Even so, TCV still needs to raise an additional A$2.5-3 billion (US$1.9-2.3 billion) before the end of June 2018.
Perspectives on Australia’s sustainable debt market
The prominence of the residential sector within Australia’s economy and financial markets makes the mortgage a fascinating prospect for sustainable investment evolution. At the Australian Securitisation Forum’s annual conference on 21 November, two market participants closely connected with the development of the local sustainable debt market discussed the prospects for investable green mortgages.
AOFM completes its ninth RMBS auction with 100 per cent of offered notes sold
The Australian Office of Financial Management (AOFM) completed the ninth auction under its programme to divest its remaining holdings of residential mortgage-backed securities (RMBS) on 14 December. A total cash value of A$439.24 million (US$336.87 million) of RMBS was sold across five lines originally issued by Suncorp Group, Bank of Queensland and Firstmac, representing 100 per cent of the securities on offer.