More semi action
In other domestic issuance, New South Wales Treasury Corporation (rated AAA) opened a new May 2030 line. Initially seeking A$100 million, TCorp sold A$150 million of bonds at 25 basis points over swap to yield 5.925 per cent per annum.On Friday, Queensland Treasury Corporation undertook an exchange of existing Commonwealth government guaranteed bonds for bonds guaranteed by the state. In return for an extra 14 bps of yield, A$2.7 billion of June 2011 bonds were exchanged and A$1.7 billion of April 2014 bonds were exchanged for an extra 15 bps.