Issuance Program Update: July 2021

2 July 2021

This notice provides updated details of planned issuance of Australian Government Securities by the Australian Office of Financial Management (AOFM) for the first half of 2021-22.

Treasury Bonds

At Budget planned issuance of Treasury Bonds for 2021-22 was around $130 billion. Regular issuance via tender will occur most weeks as per past practice. No new maturities are planned during the first half of 2021-22.

Treasury Indexed Bonds

Planned issuance of Treasury Indexed Bonds (TIBs) in 2021-22 by tender is $2 to 2.5 billion. The practice of two tenders in most months will continue. 

A new November 2032 TIB is planned to be issued by syndication, subject to market conditions; this issuance will be in addition to the $2 to 2.5 billion allocated to regular tenders. A repurchase of the February 2022 TIB will be considered in conjunction with this syndication.

Treasury Notes

Regular weekly issuance of Treasury Notes will be undertaken. Issuance volumes will vary over the course of the year depending on the timing and size of government receipts and outlays and the AOFM’s assessment of its liquidity requirements. 

Details of each week’s transactions will be announced at midday on the preceding Friday.