OPERATIONAL NOTICE
No: 01/2006
10 May 2006
TREASURY BOND ISSUANCE CALENDAR
This notice provides details of expected Treasury Bond issuance by the Australian Office of Financial Management (AOFM) on behalf of the Australian Government during the 2006-07 financial year (1 July 2006 to 30 June 2007).
In the 2006-07 financial year, Treasury Bond issuance is expected to total $5.3 billion. This consists of $2.4 billion of issuance into the existing March 2019 bond line (bringing the volume on issue for this bond line up to $5 billion) and $2.9 billion of issuance of a new April 2012 Treasury Bond.
The following table outlines expected tender dates, bond lines and face value amounts to be offered in 2006-07:
Date |
Treasury Bond |
Face Value Amount |
18 July 2006 |
March 2019 |
400 |
15 August 2006 |
March 2019 |
400 |
19 September 2006 |
March 2019 |
400 |
10 October 2006 |
March 2019 |
400 |
24 October 2006 |
March 2019 |
400 |
14 November 2006 |
March 2019 |
400 |
12 December 2006 |
April 2012 |
800 |
23 January 2007 |
April 2012 |
600 |
13 February 2007 |
April 2012 |
400 |
13 March 2007 |
April 2012 |
400 |
17 April 2007 |
April 2012 |
400 |
22 May 2007 |
April 2012 |
300 |
One further tender is planned for the 2005-06 financial year. It is planned to conduct a tender for the issue of $400 million of the March 2019 Treasury Bond on 16 May 2006.
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.
It should be noted that all the details in respect of Treasury Bond tenders provided above are indicative only and the AOFM reserves the right to amend any of these details at any time. Tenders will be confirmed at midday on the day prior to a scheduled tender.