Borrowing Program

Western Australian Treasury Corporation 2022-23 borrowing program update as at 31 July 2022:

Term Funding Requirement $B $B
New money program (Est.) 1.3
     Projected Maturities
Bond 2.9
FRN 1.8
Total Maturities  4.7
Debt Repayment -1.2
Total Term Funding  4.8


WATC 2022-23 Funding Strategy

It is expected that WATC’s Benchmark Bond program will be the primary source of term funding, supplemented by Floating Rate Notes. However actual amounts and the composition of term funding is subject to the borrowing requirements of WATC’s clients and market conditions.

In addition to the term funding requirement, WATC expects to maintain approximately $2.5 billion – $4.5 billion of commercial paper outstanding through its domestic Short Term Inscribed Stock (STIS) and offshore ECP programs over the 2022-23 financial year.