QTC issues A$1.6 billion in new 2015 in switch from government-guaranteed line [UPDATED]

Queensland Treasury Corporation (QTC) (AA+/Aa1) issued a new A$1.6 billion October 2015 benchmark maturity via syndication on October 15. The new line was offered via a consolidation offer from the outstanding October 2015 benchmark; the new line is covered by state guarantee only while the existing bond carries the Australian government guarantee.