No results found for "".

Commentary & Deal Flow

NEW ISSUE: Queensland Treasury Corporation Min Size CHF 150m 15yr Sr Unsec; SARON MS+38a

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Queensland Treasury Corporation

15yr

11-Jun-41

Min CHF 150m

Sr Unsec

Fixed

SARON MS+38a


IPTs: 15yr: SARON MS+38a

  • Issuer: Queensland Treasury Corporation (Ticker: QTC)
  • Guarantor: The Treasurer of the State of Queensland on behalf of The Government of Queensland
  • Guarantor Domicile: Australia
  • Domestic / Foreign: Foreign
  • Format: Public Fixed-Rate Notes, Reg S
  • Ranking: Unsecured and Unsubordinated
  • Guarantor Rating: Aa1/AA+ (Moody's/S&P)
  • Expected Instrument Rating: Aa1/AA+ (Moody's/S&P)
  • Issue Size: Min. CHF 150m
  • Coupon: 1.270% p.a. (indicative)
  • Day Count: 30/360, following unadjusted
  • Settlement Date: 11-Jun-26
  • Maturity Date: 11-Jun-41 (15 years)
  • Spread/Yield: SARON MS +38.0 area // YTM 1.2700% area // Govt + 58.2 area
  • Lead Managers: Deutsche Bank, UBS
  • SNB Repo-eligibility: At the discretion of the SNB, expected yes (HQLA Level 1)
  • Documentation: Off the Issuer’s U.S.$10,000,000,000 Euro Medium Term Note Facility ("Facility") dated 28-Jan-26
  • FinSA Prospectus: Base prospectus is deposited with and recognised by the Swiss Prospectus Office pursuant to art. 54(2) FinSA.
  • Governing Law: English law
  • Covenants: Pari Passu, Cross Default (as per the Facility)
  • Use of Proceeds: The net proceeds from the sale of the Notes will be used to finance the activities of the State of Queensland and its Government Bodies.
  • SIX Listing: 09-Jun-26
  • Denomination: CHF 100,000 and multiples thereof
  • Selling Restrictions: As per the Facility. RegS TEFRA D Rules apply, no communications with or into the US or Canada.
  • Target Market: Manufacturer target market (MiFID II/UK MIFIR product governance) is eligible counterparties and professional clients (all channels for distribution channels). Public Offering in Switzerland only.
  • Timing: Today's business, books can close at short notice