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TCorp New Benchmark Hot Stock, 21 October 2009TCorp New Benchmark Hot Stock
Release date:21 Oct 2009 TCorp today announces the issue of a new 6.00% 1 June 2020 benchmark hotstock. TCorp will issue this new nominal bond via a bookbuild process.
TCorp has appointed ANZ and UBS Australia as joint lead managers and CBA, RBC Capital Markets, RBS and Westpac as co-managers.
This will be a benchmark size issue with a maximum set at $1.5bn. Secondary market price making will commence after the close of the transaction.
The books on this deal will open this afternoon (Wednesday 21 October 2009) with anticipated pricing on Thursday afternoon (22 October 2009). Pricing will be on an Exchange for Physical (EFP) format as a margin against the December 10 Year Bond Futures contract.
TCorp is in the process of obtaining coverage under the Commonwealth Government Guarantee for this bond.
Settlement will occur on Tuesday 27 October 2009.
For further information please contact Michael Allen, General Manager Treasury on (02) 9325-9288.
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