AOFM Releases Weekly Issuance Slate & Details Of ’22 Syndications

The AOFM has released its weekly issuance slate:

• On Wednesday 12 January it plans to sell A$1.0bn of the 1.75% 21 November 2032 Bond.
• On Thursday 13 January it plans to sell A$1.0bn of the 13 May 2022 Note.
• On Friday 14 January it plans to sell A$1.0bn of the 0.25% 21 November 2025 Bond.
• The AOFM also notes that “this notice provides updated details of planned issuance of Australian Government Securities by the Australian Office of Financial Management (AOFM) for the remainder of 2021-22. At MYEFO the AOFM indicated planned Treasury Bond issuance of around A$105 billion (of which A$44.3 billion has been completed). Two tenders will be conducted most weeks. A new November 2033 Treasury Bond will be issued by syndication in the final quarter of 2021-22 (subject to market conditions). Planned issuance of Treasury Indexed Bonds is A$5-5.5 billion (of which A$4.1 billion has been completed). Two tenders will be held most months. Regular issuance of Treasury Notes will continue. Weekly issuance volumes will depend on the timing and size of government receipts and outlays and the AOFM’s assessment of its cash portfolio requirements.