The Australian Government currently issues debt securities to the public in the form of Treasury Bonds, Treasury Indexed Bonds and Treasury Notes.
Treasury Bonds are medium to long-term debt securities that carry an annual rate of interest fixed over the life of the security, payable six monthly.
Treasury Indexed Bonds are medium to long-term securities for which the capital value of the security is adjusted for movements in the Consumer Price Index (CPI). Interest is paid quarterly, at a fixed rate, on the adjusted capital value. At maturity, investors receive the adjusted capital value of the security – the value adjusted for movement in the CPI over the life of the bond.
Treasury Notes are a short-term debt security issued to assist with the Australian Government's within-year financing task.
The Australian Government has issued a range of other types of debt securities in the past such as Australian Saving Bonds and Treasury Adjustable Rate Bonds.
Debt securities issued by the Australian Government both now and in the past are collectively known as Commonwealth Government Securities.
Details of the debt issuance program for the current financial year are outlined in the AOFM issuance program.