Issuance of Commonwealth Government Securities

5 August 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 (CGS) by the Australian Office of Financial Management (AOFM) on behalf of the Australian Government during the current financial year (that is, 1 July 2013 to 30 June 2014).

Treasury Bonds

Treasury Bond issuance in 2013-14 is now expected to be around $60 billion in face value terms. This is an increase of $10 billion on the issuance expected at the time of the 2013-14 Budget. After accounting for maturities of $23 billion this represents net issuance of $37 billion.

Treasury Indexed Bonds

Treasury Indexed Bond issuance in 2013-14 is expected to be around $4 billion in face value terms (unchanged on the issuance expected at the time of the 2013-14 Budget).

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.