Following the Queensland 2018–19 State Budget release, QTC estimates it will borrow AUD8.0 billion of term debt in the 2018–19 financial year. This is a reduction of approximately AUD1.8 billion from what was forecast in QTC’s 2017–18 borrowing program. The reduction in QTC’s borrowing requirement in 2018–19 is due to pre-funding undertaken by QTC in 2017–18.
2018-19 indicative term-debt borrowing program requirements
|Requirements||2018-19 Budget AUDm1|
|Local Government and other entities2||700|
|Total new money||1,200|
|Term debt maturities||9,800|
|Net funding in advance3||(3,000)|
|Net term debt refinancing||6,800|
|Total term debt requirements||8,000|
The total indicative term debt requirement for 2018-19 fiscal year is $8 billion, based on the 2018-19 Queensland State budget and term debt refinancing.
In addition to the total term debt requirement, QTC expects to maintain a minimum of approximately AUD5 billion of short-term debt throughout the fiscal year.