As at 31 March 2020. Includes the buy-back and cancellation of AUD350M QTC June 2021 benchmark bonds.
QTC completed its 2019-20 borrowing program on 19 February 2020. It will continue to monitor strategic opportunities for pre-funding towards future years’ borrowing programs, based on investor demand and market conditions.
2019-20 indicative term-debt borrowing program requirements
|Requirements||2019-20 Mid-Year AUDm1||2019-20 Budget AUDm1|
|Local Government and other entities2||800||800|
|Total new money||1,800||1,800|
|Term debt maturities||8,600||8,600|
|Net funding in advance3||(500)||(500)|
|Net term debt refinancing||8,100||8,100|
|Total term debt requirement||9,900||9,900|
QTC expects to maintain a minimum of approximately AUD5 billion of short-term debt outstandings.