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SYDNEY, July 15 (Reuters) – Tasmanian Public Finance
Corporation (TASCORP) has priced A$750 million ($663 million)
in a new 2014 note issue, the joint lead managers said on
Thursday. The 5.5 percent June 23, 2014 issue, initially
announced with a maximum size of A$500 million, will yield 5.47
percent or 77.75 basis points over the government bond due
The margin is the middle of preliminary pricing indications
of 75.75bp to 80.75bp over June 2014 Australian government
Commonwealth Bank of Australia and UBS jointly led the
The notes settle on July 21 and were issued at a reoffer
price of 100.521 including accrued interests of 0.421.
TASCORP is the state’s financing arm and is rated AA-plus
by S&P and Aaa by Moodys’s.
(Reporting by Cecile Lefort; editing by Balazs Koranyi)