Shortly before Christmas 2015 the Australian Office of Financial management released an updated economic and budget forecast providing updated details on planned issuance of Australian Government bonds for the period to June 30.
ACGB issuance in total for 2015-16 is expected to be around $86 billion in face value terms. Issuance to date this financial year has totalled $43 billion. After accounting for maturities and repurchases of $33 billion this represents net issuance of $53 billion.
A new ACGB maturing on 21 November 2027 is planned to be issued by syndication in January or February 2016. This will provide another issuance point around the 10-year part of the yield curve.
As previously announced, the AOFM plans to issue new Treasury bonds maturing in late 2021, and 2028. The 2028 bond will be issued sometime in calendar 2016 but not prior to the release of the 2016-17 Budget.
Issuance of Treasury index-linked bonds in 2015-16 is expected to be around $4.5 billion in face value terms. Issuance to date this financial year has totalled $2.6 billion.