Australia announces busy 2020-21 funding programme

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By Frank Jackman
03 Jul 2020

The Australian Treasury has unveiled its funding plans for its new 2020-21 fiscal year, funding its coronavirus response via a record number of syndications and an extension of its curve out to 2051.

The state intends to syndicate a new June 2051 benchmark bond before September 30, subject to market conditions. The new line will extend the Aussie government curve out from March 2047. As of Friday, the longest dated Australian government bond yielded 1.802%.

Alongside this, it has announced plans ...

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