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.

2017-18 indicative term-debt borrowing program

As at 31 January 2018, QTC completed its 2017-18 term-debt borrowing program of AUD7 billion.

In accordance with its funding approach, QTC will monitor and consider opportunities for pre-funding during the remainder of the financial year.

2017-18 indicative term-debt borrowing program requirements

Requirements 2017-18 Budget AUDm* 2017-18 MYFER AUDm*
State 0 200
Local Government and other entities# 600 600
Total new money 600 800
Net term debt refinancing 6,200 6,200
Total term debt requirement 6,800 7,000
As at 31 January 2018
* 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 2017-18 fiscal year is $7 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*)

2017-18 indicative term-debt borrowing program

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* 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 June 2017