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.”
