TCorp’s $1.3b November 2030 Green Bond achieves strong result
The investment and financial management arm of the New South Wales public sector, TCorp has achieved strong results for the new $1.3 billion November 2030 Green Bond thanks to a strong investor demand with the book being oversubscribed at final price and attracting a yield of 1.11%.
According to TCorp, asset managers and insurers accounted for 57% of the book and 41% of investors were offshore.
Fiona Trigona, head of funding and balance sheet, said that altogether Green Bond had attracted 68 investors, surpassing previous Green and Sustainability bonds.
“We continue to attract new investors, both domestically and offshore – an excellent achievement and testament to the fact that investors are focused on high quality, sustainable investing over the longer term,” she added.
“This bond has delivered our strategic objective of building and extending our ESG curve, currently unique in Australia. The NSW Sustainability Bond Programme now has $5.2 billion outstanding and we will continue to focus on adding liquidity into the new line over time.”
AUTHOR
Oksana Patron
Recommended for you
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
In the run-up to heavy losses expected at the end of the financial year, June has already reported consecutive weeks of adviser losses.
ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam.
ASIC has sent warning notices to social media finfluencers who it suspects are providing unlicensed financial advice to Australians as part of a global crackdown by international regulators.
