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Issuance Program: Budget 2025-26

26 March 2025 

The Australian Government has released the 2025-26 Budget. This notice provides guidance on planned issuance of Australian Government Securities by the AOFM. 

Based on Budget forecasts, issuance of Treasury Bonds (including Green Treasury Bonds) in 2025-26 is expected to be around $150 billion. Issuance of Treasury Indexed Bonds by tender is expected to be between $2 billion and $3 billion (additional issuance by syndication may be considered).

For 2024-25, issuance of Treasury Bonds has been revised to around $100 billion, including around $2 billion of Green Treasury Bonds. Treasury Indexed Bond issuance will be around $3 billion.

The AOFM will remain active in the Treasury Note market with regular issuance for cash management purposes.

Details of weekly transactions will continue to be announced at midday on the preceding Friday.

More detailed guidance on issuance plans for the first half of 2025-26 (including any planned new maturities) will be provided on 27 June 2025.