Australia targeting A$240bn in 2020-21

By Frank Jackman
30 Jul 2020

Australia announced a bumper funding programme for 2020-21 on Thursday, almost double its previous effort. Two days earlier, the sovereign surprised the market with a long end deal that attracted a substantial amount of offshore interest.

The sovereign will target a A$240bn ($171.5bn) funding programme for the 2020-21 fiscal year, Rob Nicholl, chief executive of the Australian Office of Financial Management, said in a speech. Of this, A$50bn is refinancing maturing bonds and A$190bn is net new issuance.

A further update of the ...

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