Australian Office of Financial Management

Friday, 12 April 2019

ABSF gets green light to catalyse SME securitisation in Australia

The Australian Business Securitisation Fund (ABSF) passed both houses of parliament on 3 April and received royal assent on 5 April. The initiative – which directs the Australian Office of Financial Management (AOFM) to increase the availability of finance to SMEs – now enters the final stages of planning before becoming operational on 1 July 2019.

Friday, 21 February 2020

AOFM returns to syndicated issuance

Australian Office of Financial Management (AOFM) broke its longest drought of syndicated issuance since it began this method in 2009 with its 19 February transaction. The deal received robust support from offshore and real-money investors.

Monday, 17 February 2020

AOFM launches May 2041 syndicated tap

On 18 February, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched a syndicated tap of its May 2041 bond line. The issuer states that volume will be ‘modest’. Indicative price guidance for the forthcoming transaction, which is expected to price on the day after launch, is 49-51 basis points area over 10-year futures contract. Commonwealth Bank of Australia, J.P. Morgan and UBS are leading.

Friday, 14 February 2020

AOFM preparing May 2041 syndicated tap

On 14 February, Australian Office of Financial Management (AOFM) mandated Commonwealth Bank of Australia, J.P. Morgan and UBS for a syndicated tap of its May 2041 maturity in the week beginning 17 February.

Tuesday, 17 December 2019

AOFM reveals total 2019/20 requirement following MYEFO

On 17 December, following the release of the Australian government’s mid-year economic and fiscal outlook (MYEFO) on the previous day, the Australian Office of Financial Management (AOFM) revealed it expects gross Treasury bond issuance for the 2019/20 financial year to be around A$55 billion (US$37.8 billion), down from an estimate of A$58 billion in the April 2019 budget.

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