Australian Government, the Australian Office of Financial Management

Issuance Program

Updated 29 November 2011

It should be noted that the issuance program is indicative only and the AOFM reserves the right to amend details for any reason.

Treasury Bonds

Treasury Bond issuance in 2011-12 (that is 1 July 2011 to 30 June 2012) is expected to be around $53 billion. After accounting for maturities of $14 billion this represents net issuance of $39 billion.

In 2011-12 tenders will be held on Wednesdays and Fridays, with details of the bond lines and amounts to be offered in a particular week announced at noon on the Friday of the preceding week. The face value amount offered at each tender will be in the range $500 million to $1.2 billion, unless otherwise advised.

Treasury Indexed Bonds

Issuance of Treasury Indexed Bonds in 2011-12 is expected to be around $2 billion.

Treasury Indexed Bonds will be issued by tender each month, except for December 2011 and January 2012. The tenders will be held on Tuesdays with details of the bond lines and amounts to be offered announced at noon on the Friday of the preceding week.

Subject to market conditions, a new Treasury Indexed Bond line with a term to maturity less than the existing 2025 line is being considered for introduction in the first half of 2012.

Treasury Notes

Treasury Notes are short-term debt securities used primarily used for within-year financing. Issuance decisions are made weekly and depend on the Government's projected daily cash position for the weeks ahead. It is planned to keep at least $10 billion of Treasury Notes on issue at all times so as to maintain a liquid market.

Tenders for the issue of Treasury Notes will be held on Thursdays, with details of the tenors and amounts to be offered announced at noon on the Friday of the preceding week.

Aussie Infrastructure Bonds

Some of the proceeds from the issuance of Commonwealth Government Securities in 2011-12 may be used to finance the Government's investment in the National Broadband Network, which would then be reported as Aussie Infrastructure Bonds in the budget papers.