TCorp funding update increases linker capacity and retains guarantee option

A half-yearly funding update released by New South Wales Treasury Corporation (TCorp)'s (AAA/Aaa) on February 1 flags a likely increase in the expected volume of funds raised by inflation-linked issuance for the 2009/10 financial year. And while TCorp does not commit to further government-guaranteed funding the update also restates the positive impact on demand for the state treasury corporation's debt created by the guarantee.