AOFM Sticks to Borrowing Plan Despite JobKeeper Downward Revision
- Published on
- 29 May 2020, 12:12 PM
By Sophia Rodrigues
Despite a big downward revision to JobKeeper spending, the Australian Office of Financial Management is sticking to the borrowing program it announced earlier.
This is in line with an Insight article published by CB-Intel last week.
The AOFM is borrowing A$5.0 billion via government bond tenders and A$3.0 billion via notes next week, in line with its guidance of A$5 billion via bonds in most weeks and A$3 billion to A$5 billion via notes.
Treasury bonds:
--A$2.0 billion of the November 2029 bond on Monday
--A$2.0 billion of the April 2023 bond on Wednesday
--A$1.0 billion of the May 2032 bond on Friday
Treasury Notes tender (all on Thursday)
--A$1.5 billion of 25 September 2020
--A$1.0 billion of 27 Novermber 2020
--A$500 million of 26 March 2021
--Contact: sophia@centralbankintel.com