Government agencies

Benefits of borrowing from TCorp

Competitive interest rates

The funding task of the state of NSW is centralised under TCorp, which delivers economies of scale to the NSW public sector.

Flexibility

TCorp loans can be tailored to meet the various borrowing needs of our clients.

Financial expertise

TCorp’s debt portfolio management team assists clients with the creation and ongoing management of their debt portfolios.

Debt management

We provide comprehensive debt management services for agencies with a Government Sector Finance (GSF) borrowing approval. Our services include:

A dedicated Client Relationship Manager
Tailored advice on debt management, with optional outsourced management
Regular conversations to keep the finance team, senior management and Board (where relevant) updated, including insights into how we use our financial markets expertise to manage interest rate risk
Assistance in setting up operational aspects such as accounting and reporting, interest expense budgeting and establishing a control framework.

Borrowing options available

Debt portfolio
Typically made up of long-term, fixed rate, interest only loans with diversified maturity dates to suit the borrower’s objectives. Tailored long and short-term loans, such as amortising and floating-rate are available for specific requirements.

Principal: Paid at maturity or rolled over.
Interest: Fixed coupons payable semi-annually in arrears.

Come & Go Facility
Provides flexible, daily funding to clients that can be partially or fully repaid as surplus funds become available and reborrowed as required.

Principal: Repay or withdraw principal by notice before 11am.
Interest: Accrued daily and payable monthly in arrears.

Amortising loans
Provides a structured financial solution featuring regular payments and lower interest rates for the purchase of assets, including property, plant and equipment compared with commercial finance facilities.

Principal and interest: Accrued daily and are payable monthly, quarterly or semi-annually.

Contact the Client Services team for terms and conditions and further information.

How to borrow

For entities with approval from the NSW Treasurer to borrow under the Government Sector Finance Act 2018, the typical process for setting up a borrowing facility with TCorp is:

Contact the Client Services team to explain your requirements
Discuss the proposed timing and type of borrowing with TCorp
Ensure the pre-requisites to borrowing are completed
Complete the required forms and forward them to TCorp to set up the account.

Use TCorp’s Client Portal to securely approve transactions and view statements and reporting.