Borrowing Program

QTC announces its indicative annual borrowing program following the release of the Queensland State Budget, which is typically in June each year. An update is provided to the market following the release of the Government’s Mid-Year Fiscal and Economic Review, generally in December.

2016-17 indicative term-debt borrowing program

Term-debt borrowing program to-date

2016-17-term-debt-borrowing-program-progress-bar-as-at-12-dec-2016-myfer-875

Information as at 14 December 2016

 

2016-17 indicative term-debt borrowing program requirements

Requirements

2016-17 mid-year AUD m*

2016-17 Budget AUD m*

New money
State

(200)

1,200

Local Government and other clients #

700

700

Total new money

500

1,900

Net term debt refinancing

5,400

5,400

Total term debt requirement

5,900

7,300

* Numbers are rounded to the nearest $100 million
# Other entities include: universities, grammar schools, retail water entities and water boards.
Note: Funding activity may vary depending upon actual client requirements, the State's fiscal position and financial market conditions.

Term debt

The total term debt requirement for 2016-17 fiscal year is $5.9 billion.

Short-term debt

In addition to the total term debt requirement, QTC expects to maintain $5 billion in short-term debt throughout the fiscal year.

QTC's annual term debt borrowing programs (actual and forecast*)

2016-17 indicative term-debt borrowing program

Chart loading...
* Does not include short-term debt of approximately $5 billion each year.
** Other clients include: local governments, retail water entities, universities, grammar schools and water boards.
Data as at 14 December 2016