Issuance of Commonwealth Government Securities

18 December 2013

The Australian Government has released updated economic  and budget forecasts. This notice provides details, consistent with those  forecasts, of planned issuance of Commonwealth Government Securities by the  Australian Office of Financial Management (AOFM) on behalf of the Australian  Government over the remainder of the current financial year (that is, to 30  June 2014).

Treasury Bonds

Treasury Bond issuance in 2013-14 is expected to be  around $75 billion in face value terms. After accounting for maturities of  $23 billion this represents net issuance of $52 billion.

Issuance to date this financial year totals $41.7 billion  in face value terms.

Treasury Indexed Bonds

Treasury Indexed Bond issuance in 2013-14 is expected to  be around $5 billion in face value terms.

Issuance to date this financial year totals $3.35 billion  in face value terms.

Treasury Notes

Treasury Notes are a short-term discount security  primarily used for within-year financing. The volume of Treasury Notes on issue  varies depending on the flows of Australian Government receipts and  expenditures.

Aussie Infrastructure Bonds

Some of the proceeds from the issuance of Commonwealth  Government Securities may be used to finance the Government’s investment in the  National Broadband Network, which are then reported as Aussie Infrastructure  Bonds in the budget papers.