QTC launches new 2013 benchmark in fourth syndication of 2010

Queensland Treasury Corporation (QTC) (AA+/Aa1) has announced the launch of a new state-guaranteed August 2013 benchmark line via syndication. The transaction, which is expected to price shortly after its October 20 launch, will be the state treasury corporation's fourth bookbuilt benchmark listing of 2010 – it has already placed A$9.5 billion (US$9.3 billion) via syndication this year.