Australian Office of Financial Management
On 22 October, KangaNews hosted the latest in the KangaNews Debt Capital Markets Summit 2020 webinar series. The session had a rates-market flavour, including a discussion between some of Australia’s leading market participants about how massively increased sovereign issuance, central-bank intervention and a raft of new dynamics will shape their sector.
On 12 May, Australian Office of Financial Management (AOFM) revealed a borrowing task for the 2021/22 fiscal year of A$130 billion (US$101.9 billion) following the release of the federal budget the night before. Issuance of treasury indexed bonds by tender will be around A$2-2.5 billion.
The Australian Office of Financial Management issued its first syndication for calendar year 2021 on 13 April. Despite an improving budget position, the issuer says it was committed to establishing a new 2032 line this financial year.
On 12 April, the Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched its new, benchmark, November 2032 Treasury bond transaction. The forthcoming deal has indicative price guidance of 10.5-13.5 basis points over EFP. Pricing is expected on the day after launch. Commonwealth Bank of Australia, Deutsche Bank, UBS and Westpac Institutional Bank are joint lead managers.
On 9 April, Australian Office of Financial Management (AOFM) revealed plans to establish a new Treasury bond line maturing in November 2032 by syndication in the week beginning 12 April. Commonwealth Bank of Australia, Deutsche Bank, UBS and Westpac Institutional Bank have been appointed joint lead managers.
HIGH-GRADE ISSUERS YEARBOOK 2021
The ultimate guide to Australian and New Zealand government-sector borrowers.