Queensland to tap variety of markets for bigger funding programme

By Frank Jackman
08 Sep 2020

The Queensland Treasury Corporation (QTC) announced on Monday that it plans to borrow A$21bn ($15.2bn) during its 2020/21 fiscal year, which runs between July 1 and June 30. Alongside this, the state signalled its intention to look at issuing green, foreign currency and long term debt to complement its benchmark programme.

The Australian state signalled in July that it anticipates raising between A$19bn and A$21bn. Last fiscal year it raised A$20.5bn, up from a previously announced A$9.9bn. The QTC increased its programme by A$10.6bn to fund the its response to the coronavirus pandemic.

Most of this increased funding will ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial