Updated 23 October 2013
It should be noted that the issuance program is indicative only and the AOFM reserves the right to amend details for any reason.
Treasury Bond issuance in 2013-14 is expected to be around $70 billion in face value terms. After accounting for maturities of $23 billion this represents net issuance of $47 billion. 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 preceding Friday.
Treasury Indexed Bonds
Issuance of Treasury Indexed Bonds in 2013-14 is expected to be between $4 billion and $5 billion in face value terms.
Two tenders will be conducted for the issue of Treasury Indexed Bonds in most months over the remainder of the 2013-14 financial year. The tenders will in most cases be conducted on the second and fourth Tuesday of each month. In December 2013 only one tender is planned to be held and no tenders are planned to be held in January 2014.
Details of the bond line to be issued and the amount to be offered at a particular tender will be announced at noon on the Friday preceding the tender. The face value amount offered at each tender will be in the range of $100 million to $200 million.
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.