TCorp's new 2016 gets double oversubscription at tight pricing

The new April 2016 benchmark line priced by New South Wales Treasury Corporation (TCorp) on March 17 saw nearly twice as much demand in its book than the A$1 billion (US$918.5 million) final deal size. The deal came in towards the tighter end of its indicative pricing range and just inside levels predicted by analysts at launch a day earlier.