AOFM updates funding requirement following Snowy Hydro purchase
- Monday, 05 March 2018
On 5 March, following the Australian Commonwealth government’s purchase of Snowy Hydro from the state governments of New South Wales and Victoria, the Australian Office of Financial Management (AOFM) updated its issuance requirement for the 2017/18 financial year. The A$6 billion (US$4.7 billion) purchase will be funded by additional treasury bond issuance during the 2018 calendar year.
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