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Issuance Program

Updated 15 May 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 Bonds

Subject to market conditions a new 21 April 2025 Treasury Bond is planned to be issued via syndication in the week beginning 20 May 2013. Citi, Deutsche Bank AG, UBS AG, Australia Branch and Westpac Institutional Bank will act as Joint-Lead Managers for the issue. Issuance of this bond line will support the operation of the ten-year Treasury Bond futures contracts.

Treasury Bond tenders of around $700 million will be held on most Wednesdays and Fridays in other weeks for the remainder of 2012-13. Details of the bond lines and amounts to be offered in a particular week will be announced at noon on the preceding Friday.

Treasury Bond issuance in 2013-14 is expected to be around $50 billion. After accounting for maturities of $23 billion this represents net issuance of $27 billion. Tenders will continue to 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

Over the remainder of the current financial year, two tenders for the issue of Treasury Indexed Bonds are planned. It is planned to issue the February 2022 line this month and the September 2025 line in June. The face value amount offered at each tender will be in the range of $150 million to $250 million.

Issuance of Treasury Indexed Bonds in 2013-14 is expected to be around $4 billion. Treasury Indexed Bonds will be issued by tender in most months. Consideration will be given to issuance via syndication into existing lines and/or a new line.

Treasury Notes

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.