SYDNEY: The Australian government plans to sell a new November 2032 bond line through syndication as part of its 2020/21 borrowing plans, the Office of Financial Management (AOFM) said on Friday.
The AOFM said its total issuance for the fiscal year to end June was expected to be around A$230 billion ($180 billion), of which A$153.5 billion had already been completed.
Issuance via tender would be at a rate of A$2 billion to A$3 billion in most weeks. No other new bond line would be sold this fiscal year.
Treasury Indexed Bond issuance of A$2 billion to A$2.5 billion was expected for 2020/21, of which A$1.25 billion had already been undertaken.
Two tenders of A$100 million to A$200 million each would be held in most months.
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