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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.