Local Councils

TCorp offers loan facilities to New South Wales local councils seeking funding for projects which make up part of their annual expenditure programmes. Loan facilities, at competitive rates, are available to local councils who are deemed Fit for the Future and satisfy TCorp’s credit criteria.

For More Information Contact

Local Government Services

T: +61 2 9325 9251

Email

Benefits of Borrowing through TCorp

Competitive Interest Rates

The borrowing task of the State of New South Wales is centralised under TCorp, which delivers economies of scale to the New South Wales public sector and access to funding at the highest credit rating available – AAA/Aaa.

Flexibility

TCorp loans can be tailored to meet the various funding needs of our local council clients.

Expert Team

TCorp’s Local Government Services team is on hand to assist local council clients with management of their debt portfolios.

Loan Options Available

Type Principal Interest Rate
Credit Foncier Loans Principal repayable by regular instalments, over the life of the loan. Quarterly or semi-annual interest payments.
Fixed Rate Loans Fixed principal repaid at maturity. Fixed coupons paid semi-annually in arrears.
Floating Rate Loans Fixed principal repaid at maturity. Re-set at regular intervals at a fixed margin relative to market rates on bank bills.

How to Borrow

For local councils that have been deemed Fit for the Future, the process for setting up a loan with TCorp is:

  1. Contact the TCorp Local Government Services team to discuss your requirements.
  2. Read the 'Loan Facilities for Local Councils - Guidelines'.
  3. Complete the Loan Facility Application Form and submit it to TCorp, along with the required documentation.

More Services for Local Councils

TCorp offers a range of investment solutions for New South Wales local councils, including the TCorpIM Funds and customised portfolios.

Learn More