Issuance Calendar
Updated 18 November 2008
It should be noted that the issuance calendar is indicative only and the AOFM reserves the right to amend details for the conduct of tenders for any reason.
Treasury Bonds
On 20 May 2008 the Treasurer announced an increase in the issuance of Treasury Bonds as part of the Government’s commitment to the effective operation of Australia’s financial markets. Details of the announcement are contained in the Treasurer’s Media Release No. 58 of 2008.
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.
In the 2008-09 financial year, Treasury Bond issuance is planned to total around $10.3 billion. This includes $2.0 billion of issuance into the existing May 2021 bond line (bringing the volume on issue for this bond line up to $5 billion) and $3.3 billion of issuance of a new June 2014 Treasury Bond. A further amount of around $5 billion will be issued into other existing bond lines. This issuance will be targeted at lines that are in shortest supply in the market.
In the remaining period to end-December 2008 one tender for issue of the June 2014 Treasury Bond is currently planned for 10 December 2008. This tender will be conducted on an outright cash basis. The next tender for issue of the May 2021 Treasury Bond is not expected to be held until the 1st quarter of 2009.
There may be tenders for the issue of other bond lines in the remaining period to end-December 2008. The decision to hold such tenders will depend on market conditions. It is expected that tenders for the issue of these bonds will in most cases be conducted on a switch basis for semi-government debt securities.
All tenders for Treasury Bonds will be confirmed at noon on the business day prior to the day on which the tender is to be conducted.
Treasury Notes
Treasury Notes are a short-term debt instrument issued to assist with the funding of the Australian Government's within-year financing task. Issuance of Treasury Notes occurs on an ‘as required basis' depending on short-term funding needs.
Treasury Indexed Bonds
Issuance of Treasury Indexed Bonds ceased in 2003 and no further issuance of Treasury Indexed Bonds is currently planned.