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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
TCV
Treasury Corporation of VictoriaCHF160
1APAC
Feb 24, 2026
currency
CHF
size (m)
160.000
maturity
Mar 13, 2041
type
Fixed
tenor
15.000
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa2
s&p
AA
fitch
AA+
size description
-
re-open/tap
No
ipt
SARON MS+36 area
ipt-pxd
0
guidance
n/a - straight to launch
spread
36
coupon
1.01%
spread set
-
price
100.00000
yield
1.01%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Comments: CHF160m 15yr fxd cpn 1.01% at 100, yld 1.01%. Spread: SARON MS +36 / Govt.+63. PP: Yes. NP: Yes;
Deal Comments
Reoffer: 15yr: MS+36 / 100 / 1.01% Benchmark: 15yr: Govt.+63 Launched: 15yr: CHF 160m @ MS+36bp Spread set at: 15yr: MS+36bp Guidance: 15yr: MS+36a Issuer: Treasury Corporation of Victoria (Ticker: TCV) Guarantor: Government of Victoria pursuant to Section 32(1) of the Treasury Corporation of Victoria Act 1992 of the State of Victoria Guarantor Domicile: Australia Format: Public Fixed-Rate Notes Status: Senior, Unsecured, and Unsubordinated Guarantor Rating: Aa2/AA/AA+ (Moody's/S&P/Fitch) Instrument Rating (exp): Aa2/AA/AA+ (Moody's/S&P/Fitch) Size: CHF 160m Settlement Date: 13-Mar-26 Maturity Date: 13-Mar-41 Coupon: 1.01% p.a. Issue Price: 100 Spread/Yield: SARON MS +36.0 // YTM 1.01% // Govt.+63 ISIN / Security Number: CH1533150988 / 153.315.098 Lead Manager(s): Deutsche Bank, UBS SNB Repo-eligibility: At the discretion of the SNB, expected yes (HQLA: Level 1) Documentation: TCV’s EMTN Programme dated 31-Jan-24 FinSA Prospectus: Delayed prospectus approval in accordance with article 51(2) FinSA Governing Law: English law Covenants: PP, NP SIX Listing: 11-Mar-26 Denomination: CHF 5000 Target Market: As defined by the manufacturer domiciled in the EEA and UK (MIFID II/UK MIFIR): Eligible counterparties, professional clients and retail clients in Switzerland only (all channels for distribution), subject to applicable selling restrictions. Sales Restrictions: In accordance with selling restrictions of TCV’s EMTN Program
Guarantor(s)
Government of Victoria

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