Issuance Program Update and Forthcoming Transactions
Issuance Program Update: July 2022
This notice provides further details of planned issuance of Australian Government Securities by the Australian Office of Financial Management (AOFM) over the first half of 2022-23.
In March, the AOFM indicated planned 2022-23 Treasury Bond issuance of around $125 billion. An update on gross Treasury Bond issuance in 2022-23 will be provided following the release of the Budget in October.
A new May 2034 line will be issued by syndication in the second quarter of 2022-23 (subject to market conditions).
Planned issuance of Treasury Indexed Bonds in 2022-23 will be around $2.5 billion. Two tenders will be held most months.
Regular issuance of Treasury Notes will continue. Weekly issuance volumes will depend on the timing and size of government receipts and outlays and the AOFM’s assessment of its cash portfolio requirements.
Details of weekly transactions will be announced at midday on the preceding Friday.
The Australian Office of Financial Management (AOFM) plans to undertake the following transactions.
Treasury Bonds
Two Treasury Bond tenders are planned to be held next week.
| Series Offered | 4.50% 21 April 2033 | 0.25% 21 November 2024 |
|---|---|---|
| Offered to Public ($million) | 800 | 700 |
| ISIN | AU000XCLWAG2 | AU0000083768 |
| Tender Date | Wednesday, 6 July 2022 | Friday, 8 July 2022 |
| Time to Submit Bids | 10:45 - 11:00 AM AEST | 10:45 - 11:00 AM AEST |
| Settlement Date | Friday, 8 July 2022 | Tuesday, 12 July 2022 |
Treasury Notes
A Treasury Note tender is planned to be held next week.
| Maturity Date | 7 October 2022 | 25 November 2022 |
|---|---|---|
| Offered to Public ($million) | 1,500 | 1,000 |
| ISIN | AU2CLT071029 | AU2CLT251126 |
| Tender Date | Thursday, 7 July 2022 | |
| Time to Submit Bids | 10:15 - 10:30 AM AEST | |
| Settlement Date | Friday, 8 July 2022 | |
Treasury Indexed Bonds
The next tender for the issue of Treasury Indexed Bonds is planned to be held on Tuesday, 12 July 2022.
Other Information
Results of transactions will be made available in the Data Hub and via AOFM Updates.
Bids and offers at AOFM tenders may be lodged by Registered Bidders via Yieldbroker DEBTS, and must comply with the relevant Information Memorandum for Treasury Bonds, Treasury Indexed Bonds or Treasury Notes.
All transactions are to be settled in the Austraclear System.
