Funding facilities

QTC offers global investors a diverse range of funding facilities in a variety of markets, currencies and with various terms to maturity. Most of QTC’s funding, which is undertaken to meet its public sector clients’ borrowing requirements and to refinance existing debt, is sourced through its long-term debt facilities. QTC’s AUD benchmark bonds are its primary source of funding and QTC issues into existing lines by tap, tender and reverse enquiry.

Diverse range of funding facilities

QTC funding sources by facility

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QTC maintains a diversified global focus to meet its funding requirements. $A Bond and Euro MTN facilities are admitted to trading on the regulated market of the Luxembourg Stock Exchange (the LuxSE) and listed on the Official List of the LuxSE.

QTC has chosen Luxembourg as its ‘home member state’ within the European Union in respect of its Global $A Bond and Euro MTN facilities.

*AGG – Australian Government Guaranteed. Data as at 31 December 2017
Note: Chart values are AUD face value millons and rounded to nearest million.

Short-term and long-term facilities

QTC has established onshore and offshore funding facilities to enable access to funds when required.

FacilitySize $MMaturitiesCurrencies
AUD BondUnlimited12 benchmark lines: 2019-2028, 2030 and 2033AUD
AUD BondUnlimited2 AGG* lines: 2019 and 2021AUD
AUD BondUnlimited1 QTC Green Bond: 2024AUD
AUD BondUnlimited1 capital indexed bond: 2030AUD
AUD BondUnlimited2 floating rate notes: 2018 and 2022AUD
AUD BondUnlimited1 preferred line: 2047AUD
Global AUD BondAUD 20,000None currently outstandingAUD
Multi-currency Euro MTNUSD 10,000Any maturity subject to market regulationsMulti-currency
Multi-currency US MTNUSD 10,0009 months - 30 yearsMulti-currency

FacilitySize $MMaturitiesCurrencies
Domestic T-NoteUnlimited7 - 365 daysAUD
Euro CPUSD 10,0001 - 364 daysMulti-currency
US CPUSD 10,0001 - 270 daysUSD

The funding facilities listed are supplemented with public issues and private placements.
*AGG – Australian Government Guaranteed. Data as at 31 December 2017

Funding sources by investor location

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Funding approach

QTC takes a conservative risk management approach in all its borrowing and on-lending activities, with a balanced debt maturity profile supported by liquid reserves.

QTC undertakes comprehensive, regular market and investor updates through its roadshow program to ensure all markets sectors are kept informed on Queensland’s economic and fiscal position.

QTC is committed to maintaining valued long-term investor and intermediary relationships. QTC’s domestic and global investors include central banks and other sovereign investors, multi-national finance, superannuation and investment corporations, and major domestic and international banks.

Approximately 30 per cent of QTC’s funding is sourced from offshore based investors.