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TCorp New Benchmark Hotstock Allocation

TCorp New Benchmark Hot Stock Allocation.

Release date:22 Oct 2009
Thursday 22 October 2009

On Thursday 22 October 2009 TCorp issued A$1.5bn of a new 6.00% 1 June 2020 benchmark hot stock via a bookbuild process.
 
Results were as follows.
 
Total Amount Allocated
$1.5bn
Total Amount of Bids Received
$2.92bn
Yield Allocated
6.24%
Total Amount on Issue
$1.5bn
 
Settlement will be Tuesday 27 October 2009.
 
TCorp is in the process of obtaining coverage under the Commonwealth Government Guarantee for this bond.
The deal was supported by a broad base of both domestic and international investors and will be applied towards TCorp’s current A$10.4bn funding programme for the 2009 / 2010 financial year.
 
For further information please contact Michael Allen, General Manager Treasury on (02) 9325-9288.

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