Issuance of Australian Government Securities – Update for Snowy Hydro purchase
2 March 2018
As announced on 2 March 2018, the Australian Government has reached an agreement with the New South Wales and Victorian Governments to take full ownership of Snowy Hydro Limited for a total amount of $6 billion. Details of the purchase are contained in the Treasurer’s Media Release.
The Australian Office of Financial Management will fund the purchase over the course of calendar 2018.
Updated Treasury Bond and Treasury Indexed Bond programs will be provided in the usual manner when the 2018-19 Budget is released in May 2018.
Details of the AOFM’s issuance program for Australian Government Securities are online at http://aofm.gov.au/ags/issuance-program/.
Last updated: 18 May 2018