Infrastructure capex brings NTTC back to syndicated issuance

Northern Territory Treasury Corporation (NTTC) returned to the domestic syndicated market on 24 October for its second transaction in three months and its fourth in a year, before which the issuer had been absent from the market for two-and-a-half years. A change in government and the resulting need to fund capital investment, including an infrastructure programme, has driven NTTC’s return, the issuer reveals.