Australian Government, the Australian Office of Financial Management

 

OPERATIONAL NOTICE

No: 2/2007
9 May 2007

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 2007-08 financial year (1 July 2007 to 30 June 2008).

In the 2007-08 financial year, Treasury Bond issuance is expected to total $5.1 billion. This consists of $2.1 billion of issuance into the existing April 2012 bond line (bringing the volume on issue for this bond line up to $5 billion) and $3.0 billion of issuance of a new May 2021 Treasury Bond.

The following table outlines expected tender dates, bond lines and face value amounts to be offered in 2007-08:

Date

Treasury Bond

Face Value Amount ($ million)

14 August 2007

April 2012

400

28 August 2007

April 2012

400

11 September 2007

May 2021

800

25 September 2007

May 2021

600

16 October 2007

May 2021

400

30 October 2007

April 2012

400

13 November 2007

April 2012

300

11 December 2007

May 2021

400

22 January 2008

April 2012

300

12 February 2008

May 2021

400

22 April 2008

April 2012

300

17 June 2008

May 2021

400

One further tender is planned for the 2006-07 financial year. It will be for the issue of $300 million of the April 2012 Treasury Bond on 22 May 2007.

Treasury Bond issuance is undertaken with the objective of 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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