TCorp launches floating rate note
Investment and financial management partner of the New South Wales public sector, TCorp has announced it has launched a new floating rate note and an increase of the February 2023 Benchmark Bond.
According to Fiona Trigona, TCorp’s head of funding and balance sheet, the decision regarding issuance of both transactions came as a response to positive feedback from the market.
The company said it remained committed to supporting the liquidity of its Benchmark Bond Programme and to the needs of its investor base during these exceptional times.
The transaction would be priced on or before Thursday, 2 April, subject to market conditions, while the settlement date would be 9 April.
The Commonwealth Bank of Australia, Citigroup Global Market Pty Ltd, UBS AG Australia Branch and Westpac Banking Corporation were appointed as joint lead managers.
TCorp provides investment management, financial management, solutions and advice to the New South Wales (NSW) public sector and has $108 billion of funds under management.
AUTHOR
Oksana Patron
Recommended for you
Magellan Financial Group experienced $1 billion in net outflows during April but managed to offset this and report a rise in FUM, having also announced its fourth fund from its partnership with Vinva.
Having officially opened its doors, ETF Shares – led by three former Global X employees – has now launched its first three ETF vehicles on Cboe Australia for financial advisers.
First Sentier Investors has hired its incoming chief financial and strategy officer to drive growth, having also confirmed its entry into the Australian ETF market last month.
Platinum Asset Management has lost a near-$1 billion institutional mandate as data shows its funds under management fell below $10 billion in April.
