New South Wales Treasury Corporation - About TCorp

About TCorp

With over 30 years of service, we champion and protect the financial interests of the state through Investment Management, Financial Management, Solutions and Advice that delivers sustainable returns and financial efficiencies that allow our clients to achieve their broader business objectives.

Download our latest Annual Report

Annual Report 2020

Who We Partner With

TCorp helps a range of New South Wales public sector and related agencies, including:

  • General government agencies
  • NSW state owned corporations
  • Local councils
  • Related institutions such as universities

How We Raise Funds

TCorp issues bonds to generate funds for New South Wales public sector agencies. We offer two categories of bonds:

  • TCorp bonds – for institutional investors
  • Waratah Bonds – for retail investors

Why TCorp?

Financial Expertise

We have broad expertise across the financial markets backed by a 30-year track record of successfully delivering for our clients and the state of New South Wales.

Cost Effective

Our products and services are cost effective for clients. Our centralised model gives us economies of scale so we can pass on real savings.

Specialised Solutions

Our solutions are designed specifically to meet the needs of our clients and to work within government parameters and processes. Our prudent approach to risk means you can depend on us to deliver the solutions you need within your risk tolerance.

A Genuine Partner in Success

Like you, our major stakeholder is the state of New South Wales so you can be confident that our interests are aligned with yours. We're passionate about getting great outcomes for New South Wales by delivering our clients the best that financial markets can offer.

How we help

For eligible public sector organisations and related agencies, we provide:


Fund your activities with a loan from TCorp

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Investment Management

Manage your funds with our range of investment solutions

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Maximise the efficiency and effectiveness of your risk activities with the support of our advisory services

2019 Year in Review

Delivered substantial benefits for the NSW public sector

Absolute investment returns $8.5bn
Investment returns over clients' objectives
Year-to-date added value for the NSW Generations Fund
Local government loans approved to fund projects

While building a stronger TCorp

Assets managed on behalf of NSW public sector
TCorp’s balance sheet
Longer-dated bonds issued to a diversified investor base
Largest green bond ever issued in Australia
Profit generated
Dividend returned to the state