No benchmark sought in TCV's A$500 million 2011 deal
- Wednesday, 24 February 2010
The A$500 million new September 2011 issue completed by Treasury Corporation of Victoria (TCV) (AAA/Aaa) on February 24 was a one-off, private market trade and not the inauguration of a new benchmark, the issuer says. The deal's lead managers, ANZ and UBS Investment Bank, say it was based on reverse inquiry while TCV had a specific client position it wished to cover.
