OPERATIONAL NOTICE
No: 2/2007
9 May 2007
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 2007-08 financial year (1 July 2007 to 30 June 2008).
In the 2007-08 financial year, Treasury Bond issuance is expected to total $5.1 billion. This consists of $2.1 billion of issuance into the existing April 2012 bond line (bringing the volume on issue for this bond line up to $5 billion) and $3.0 billion of issuance of a new May 2021 Treasury Bond.
The following table outlines expected tender dates, bond lines and face value amounts to be offered in 2007-08:
Date |
Treasury Bond |
Face Value Amount ($ million) |
14 August 2007 |
April 2012 |
400 |
28 August 2007 |
April 2012 |
400 |
11 September 2007 |
May 2021 |
800 |
25 September 2007 |
May 2021 |
600 |
16 October 2007 |
May 2021 |
400 |
30 October 2007 |
April 2012 |
400 |
13 November 2007 |
April 2012 |
300 |
11 December 2007 |
May 2021 |
400 |
22 January 2008 |
April 2012 |
300 |
12 February 2008 |
May 2021 |
400 |
22 April 2008 |
April 2012 |
300 |
17 June 2008 |
May 2021 |
400 |
One further tender is planned for the 2006-07 financial year. It will be for the issue of $300 million of the April 2012 Treasury Bond on 22 May 2007.
Treasury Bond issuance is undertaken with the objective of 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.