Queensland Treasury Corp , the funding arm of the Queensland government, is to establish a new August 21, 2013 benchmark bond line. Deutsche Bank has been mandated to lead the sale of the new bonds which have been launched today and will price on October 22.
QTC will issue this new nominal bond through a consolidation switch program utilising a book-build process, according to Deutsche Bank.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
