*Data current as at 8 December 2023. Numbers rounded to nearest $100 million.
Following the Queensland 2023–24 State Budget released 13 June 2023, Queensland Treasury Corporation (QTC) estimates it will borrow AUD15.5 billion of term debt in the 2023–24 financial year.
|Local government and other entities3||1,400||1,200||1,000||700|
|Total new money||8,000||14,300||14,600||15,500|
|Net term debt refinancing4||7,500||8,400||9,800||11,400|
|Total term debt requirement||15,500||22,700||24,400||26,900|
2023–24 funding strategy
QTC’s 2023–24 funding strategy is likely to include the following, subject to market conditions and client funding requirements:
- A programmatic approach to issuance, including syndication, tenders and reverse enquiry.
- AUD benchmark bonds as the principal source of funding, including new AUD 2036 or longer maturities.
- Other term debt, which may include green bonds, floating rate notes and non-AUD denominated bonds.
- Maintaining a minimum of approximately AUD5.0 billion of short-term debt outstandings.