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HomeTCorp bondsShort term programme

Short Term Programme

HomeTCorp bondsShort Term Programme

Domestic Promissory Notes

Promissory notes, also known as TCorp Notes, are a premium quality, short term Australian Dollar investment. They are available to financial intermediaries on an open access basis – that is, there is no fixed dealer panel.

Key details

  • IssuerTCorp
  • GuarantorThe Crown in Right of New South Wales
  • Issuing and Paying TCorp
  • RatingsStandard & Poor’s: A1+, Moody’s Investors Service: Prime-1
  • Currency Australian Dollars
  • Maturities No specific limits, but normally less than one year
  • Listing The notes will not be listed on any stock exchange
  • Format of Notes Electronic form held on Austraclear

Cash and Short Term Deposits

TCorp is an active participant in short term money markets, as a borrower and an investor. This is part of the ongoing requirement to manage TCorp’s short term funding and liquidity levels. TCorp’s counterparts include local and international banking institutions active in the Australian money markets.

Euro Commercial Paper

TCorp maintains a US $10 billion Euro Commercial Paper Programme to source short-dated funding from offshore markets. The programme provides international investors with short-term investments across a broad range of currencies. Issuance is conducted through an appointed dealer panel.

For further information, including selling restrictions, please contact TCorp or an ECP panel member.

Key details

  • IssuerNew South Wales Treasury Corporation
  • GuarantorThe Crown in Right of NSW
  • Programme Rating
    • Standard & Poor’s: A-1+
    • Moody’s Investors Service: P-1
  • Issue and Principal Paying Agent Citibank, N.A, London Branch
  • Maturities Not less than 7 days and not more than 365 days
  • Listing The notes will not be listed on any stock exchange
  • Information Memorandum Euro Commercial Paper Information Memorandum
  • Currencies
    • Australian Dollars
    • US Dollars
    • Sterling
    • Japanese Yen
    • Euros
    • Hong Kong Dollars
    • Swiss Francs
    • Canadian Dollars
    • New Zealand Dollars
    • Other currencies subject to national regulations

Euro Medium Term Notes

TCorp operates a US$10 billion Euro Medium Term Note (EMTN) Programme in order to access funding from offshore capital markets. The programme is highly effective in issuing a range of debt securities in many currencies with a broad maturity range.
Issuer New South Wales Treasury Corporation
Guarantor The Crown in Right of New South Wales
Ratings
  • Moody’s Investors Service:
    • Aaa ($A)
    • Aaa (Foreign Currency)
  • Fitch Australia Pty Limited:
    • AAA (Long Term Rating)
  • Standard & Poor’s:
    • AA+ ($A)
    • AA+ (Foreign Currency)
Fiscal Agent Citibank, N.A., London
Registrar Citibank Europe plc, Germany Branch
Maturities Flexible
Currencies Australian Dollars
US Dollars
Sterling
Yen
Euro
Renminbi
Swiss Francs
Other currencies subject to national regulations
Listing The Pricing supplement for each issue will state whether the notes are listed. If so, they will only be listed on the Singapore Stock Exchange.
Offering Circular Euro Medium Term Note Programme

For more information

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TCorp pays respect to the Traditional Custodians and First Peoples of NSW and acknowledges their continued connection to country and culture.