18 December 2013
Issuance of Commonwealth Government Securities
The Australian Government has released updated economic and budget forecasts. This notice provides details, consistent with those forecasts, of planned issuance of Commonwealth Government Securities by the Australian Office of Financial Management (AOFM) on behalf of the Australian Government over the remainder of the current financial year (that is, to 30 June 2014).
Treasury Bond issuance in 2013-14 is expected to be around $75 billion in face value terms. After accounting for maturities of $23 billion this represents net issuance of $52 billion.
Issuance to date this financial year totals $41.7 billion in face value terms.
Treasury Indexed Bonds
Treasury Indexed Bond issuance in 2013-14 is expected to be around $5 billion in face value terms.
Issuance to date this financial year totals $3.35 billion in face value terms.
Treasury Notes are a short-term discount security primarily used for within-year financing. The volume of Treasury Notes on issue varies depending on the flows of Australian Government receipts and expenditures.
Aussie Infrastructure Bonds
Some of the proceeds from the issuance of Commonwealth Government Securities may be used to finance the Government's investment in the National Broadband Network, which are then reported as Aussie Infrastructure Bonds in the budget papers.