This announcement is huge. QTC are big players in the debt markets. As of 02, QTC had $23billion in debt outstanding. They raise between $2-$8billion annually and most of that is offshore.
ref: http://debtreview.treasury.gov.au/content/subs/029.pdf
As usual the short term nature of the market is quite amusing. Having QTC as a reference site will send huge signals to the globe.
This stroy just keeps getting better and better and the probability of ITE landing more contracts keeps getting higher.
cheers.
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- ite signs hoa with queensland treasury corporation
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ite signs hoa with queensland treasury corporation, page-5
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