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

Term-debt borrowing program to-date

 

Information as at 31 July 2017

2017-18 indicative term-debt borrowing program requirements

2017-18 AUD m*

New money
State (includes general government and government-owned corporations)

0

Local government and other entities#

600

Total new money

600

Term debt refinancing
Term debt maturities

9,400

Net funding in advance^

(3,200)

Net term debt refinancing

6,200

Total term debt requirement

6,800

* Numbers are rounded to the nearest $100 million.
# Other entities include: universities, grammar schools, retail water entities and water boards.
^ Includes net issuance undertaken in advance of borrowing requirements during 2016-17 and also in previous financial years as well as scheduled client principal repayments.
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 $6.8 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

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 June 2017