Debt Finance

WATC provides a comprehensive range of debt products and associated debt management services which are designed to support clients to achieve their financial objectives.

WATC delivers pricing benefits by consolidating the State’s borrowing requirements into large marketable volume securities, backed by the State’s AA+ / Aa1 credit rating and the explicit guarantee of the Treasurer of Western Australia.

At 30 June 2020, WATC had in excess of $49.7 billion in loans to state government agencies and local governments.

State government

WATC lends to any state government agency which:

  • is constituted as a body corporate empowered to borrow
  • has a Department of Treasury approved borrowing program.

Local government

WATC lends to local governments that:

  • are constituted under the Local Government Act 1995 (the Act)
  • comply with the Act’s borrowing requirements
  • meet WATC’s Credit Policy
  • have a Master Lending Agreement in place with WATC.