Term Sheet
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New South Wales Treasury Corporation
1.00% due 08 February 2024
Term Sheet
Issuer:
New South Wales Treasury Corporation (“TCorp”)
Guarantor:
The Crown in Right of New South Wales
Issue Rating:
Aaa (Stable) by Moody’s Investor Services
AAA (Stable) by Standard & Poor’s
Instrument:
AUD Fixed Rate Senior Notes
Amount:
A$ 1,750,000,000
Status:
Direct, unconditional and unsecured obligations of the Issuer
Pricing Date:
05 September 2019
Settlement Date:
12 September 2019 (T+5)
Maturity Date:
08 February 2024
Coupon:
1.00% paid semi-annually in arrears
Benchmark:
3YR SFE Commonwealth Government Bond Futures / ACGB 2.75% April 2024
Redemption:
Par
Offer Price:
99.635% (plus accrued interest of 0.095%)
Offer Spread to Benchmark:
EFP + 31 bps | ACGB 2.75% 21 April 2024+ 31.3bps
Yield:
1.085%
Coupon Payment Dates:
Payable semi-annually in arrears on 08 February 2020 and each following 08
August and 08 February each year up to and including the maturity date.
Day Count:
RBA Bond Basis (Act / Act)
Business Days:
Sydney
Business Day Convention:
Following Unadjusted Business Day Convention
Governing Law:
The notes will be governed by, and interpreted in accordance with, the laws of
New South Wales
Denominations:
Denominations of A$100
The minimum consideration payable when issued in Australia will be
A$500,000
Record Date:
Close of Business 7 Calendar days prior to the coupon payment date
Settlement System:
Austraclear and via the bridge to Euroclear / Clearstream
Listing:
Not Listed
ISIN:
AU3CB0266484
Taxation:
The Notes are issued in a manner intended to ensure that payments of interest
are not subject to Australian withholding tax
Calculation Agent:
Link Market Services Limited
Registrar
Link Market Services Limited
Lead Managers:
ANZ, Westpac
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This Term Sheet was prepared using the information directly extracted from the information memorandum, offering circular or other disclosure
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securities described above (the “Notes”) in circumstances where disclosure is not required under Chapter 6D.2 of the Corporations Act, 2001 and
in such other circumstances as may be permitted by applicable law. This term sheet should not be distributed to, and is not intended for, any other
person. This term sheet is distributed solely for informational purposes and is not to be construed as a solicitation, recommendation or an offer to
buy or sell any Notes and should not be treated as giving investment advice. This term sheet is subject to and must be read in conjunction with the
terms and conditions of the Notes, the Information Memorandum for the Notes and the pricing supplement relating to this issue.
