AOFM provides update on forecast 2020/21 borrowing

On 30 July, the Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) revealed a tentative gross treasury bond issuance volume of A$240 billion (US$172.2 million) for the 2020/21 financial year, up from the A$128 billion issued in 2019/20. It includes A$50 billion to fund maturing debt and A$190 billion of net new issuance.