Australian Government, the Australian Office of Financial Management

OPERATIONAL NOTICE

No: 01/2006
10 May 2006

TREASURY BOND ISSUANCE CALENDAR

This notice provides details of expected Treasury Bond issuance by the Australian Office of Financial Management (AOFM) on behalf of the Australian Government during the 2006-07 financial year (1 July 2006 to 30 June 2007).

In the 2006-07 financial year, Treasury Bond issuance is expected to total $5.3 billion. This consists of $2.4 billion of issuance into the existing March 2019 bond line (bringing the volume on issue for this bond line up to $5 billion) and $2.9 billion of issuance of a new April 2012 Treasury Bond.

The following table outlines expected tender dates, bond lines and face value amounts to be offered in 2006-07:

Date

Treasury Bond

Face Value Amount
($ million)

18 July 2006

March 2019

400

15 August 2006

March 2019

400

19 September 2006

March 2019

400

10 October 2006

March 2019

400

24 October 2006

March 2019

400

14 November 2006

March 2019

400

12 December 2006

April 2012

800

23 January 2007

April 2012

600

13 February 2007

April 2012

400

13 March 2007

April 2012

400

17 April 2007

April 2012

400

22 May 2007

April 2012

300

One further tender is planned for the 2005-06 financial year. It is planned to conduct a tender for the issue of $400 million of the March 2019 Treasury Bond on 16 May 2006.

Treasury Bond issuance is targeted at maintaining liquid and efficient Treasury Bond and Treasury Bond futures markets. The volume and timing of Treasury Bond issuance accordingly takes account of the need to have an appropriate range of Treasury Bonds available for inclusion in the bond baskets for Treasury Bond futures contracts.

It should be noted that all the details in respect of Treasury Bond tenders provided above are indicative only and the AOFM reserves the right to amend any of these details at any time. Tenders will be confirmed at midday on the day prior to a scheduled tender.


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