TCorp’s $1.3b November 2030 Green Bond achieves strong result
The investment and financial management arm of the New South Wales public sector, TCorp has achieved strong results for the new $1.3 billion November 2030 Green Bond thanks to a strong investor demand with the book being oversubscribed at final price and attracting a yield of 1.11%.
According to TCorp, asset managers and insurers accounted for 57% of the book and 41% of investors were offshore.
Fiona Trigona, head of funding and balance sheet, said that altogether Green Bond had attracted 68 investors, surpassing previous Green and Sustainability bonds.
“We continue to attract new investors, both domestically and offshore – an excellent achievement and testament to the fact that investors are focused on high quality, sustainable investing over the longer term,” she added.
“This bond has delivered our strategic objective of building and extending our ESG curve, currently unique in Australia. The NSW Sustainability Bond Programme now has $5.2 billion outstanding and we will continue to focus on adding liquidity into the new line over time.”
AUTHOR
Oksana Patron
Recommended for you
Insignia Financial has announced a board director will be stepping down next year after almost a decade amid a board refresh.
Zenith Investment Partners has appointed a Brisbane-based business development manager, who previously led Fitzpatrick Private Wealth Partners as a director and senior adviser.
Praemium has said it is open to investing in artificial intelligence “in a big way” as it believes it can transform the business and details how it is already being used by the firm.
Sequoia has shared its strategic initiatives for FY25, including organically increasing its licensee market share and restructuring its specialist investment arm.
