The Australian Office of Financial Management (AOFM) released an update on its 2022/23 issuance programme, with gross issuance of treasury bonds expected to be A$95 billion (US$60.7 billion), following the release of the federal budget on 25 October 2022.
Financial Kangaroo issuance – particularly from Canadian and European borrowers – has rebounded in 2022. Coöperatieve Rabobank recently joined the fray, noting that the Australian dollar market offered volume it was seeking for tier-two capital issuance at a sound price.