Highlights
Queensland Treasury Corporation:
- issues more debt, by volume, than any other Australian semi-government issuer in both the domestic and offshore markets, resulting in large liquid lines of benchmark bonds
- funds the Queensland Government public sector
- is 100% government owned
- has all debt obligations fully guaranteed by the State of Queensland
Read more - debt carries the following credit rating (identical to the State of Queensland)
- Moodys: Aa1/Stable/P1
- Standard & Poors: AA+/Stable/A-1+
Read more - has selected AUD domestic and global benchmark bonds which also carry the guarantee of the Australian Government, and are rated AAA/Aaa by Standard and Poor's and Moody's respectively. Read more
- employs a conservative and transparent funding strategy
- has over 20 years proven operating experience, and
- has an estimated funding requirement for 2011-12 of AUD19 billion.
QTC CONSOLIDATED BALANCE SHEET (as at 31 March 2012)
| Capital Markets Operations AUD bn | Long-term Assets AUD bn |
QTC Consolidated AUD bn | |
|---|---|---|---|
| Loans to customers | 68.0 | - | 68.0 |
| Liquidity / management reserves* | 19.1 | - | 19.1 |
| Sub-total | 87.1 | - | 87.1 |
| Assets under management - customer deposits | 4.4 | - | 4.4 |
| Other managed investments # | - | 28.9 | 28.9 |
| TOTAL | 91.5 | 28.9 | 120.2 |
* Excludes QTC bonds held as assets
# QTC holds a portfolio of assets which were transferred to QTC by the State Government which are held to meet the future superannuation and other long-term obligations of the State. These assets are managed by QIC Limited.
