EXHIBIT (c)(ix)
Queensland Treasury Corporation’s 2012-13 Indicative Borrowing Program Update
QUEENSLAND TREASURY CORPORATION MARKET ANNOUNCEMENT QUEENSLAND TREASURY CORPORATION MARKET ANNOUNCEMENT 12 SEPTEMBER 2012 QTC announces 2012-13 indicative borrowing program Following yesterday’s release of the State Budget, Queensland Treasury Corporation (QTC) estimates its total 2012-13 borrowing program to be $18.7 billion, which is $3.2 billion lower than the previous $21.9 billion forecast. The decrease in the borrowing requirement reflects the Government’s commitment to reduce expenditure and to achieve a fiscal balance in 2014-15. Term debt The total term debt requirement is $13.7 billion. As a result of the Budget release being deferred due to the change of government in March, QTC has already borrowed $3.0 billion in term debt this fiscal year, leaving a balance of $10.7 billion. QTC’S 2012-13 INDICATIVE BORROWING PROGRAM Requirements AUD m* AUD m* New money State 10,900 Local Government and other entities 1,600 Total new money 12,500 Net term debt refinancing 1,200 Total term debt 13,700 Raised to date (3,000) Remaining term debt 10,700 * Numbers are rounded to the nearest $100 m Short-term debt In addition to the total term debt requirement, QTC expects to maintain between $4 billion and $5 billion in short-term debt throughout the fiscal year. Funding strategy QTC’s AUD benchmark bonds will remain QTC’s principal source of funding, and subject to market conditions, QTC expects to launch one or more bond lines in 2012-13. With the assistance of its Fixed Interest Distribution Group, QTC will also continue to monitor investor demand in global financial markets for opportunities to diversify funding sources and extend the duration of its liabilities.QTC will revise its 2012-13 borrowing program following the Queensland Government’s Mid-Year Fiscal and Economic Review. QUEENSLAND TREASURY CORPORATION GPO 1096 BRISBANE QLD 4001 T: +61 7 3842 4600 F: +61 7 3221 2410 QTC.QLD.GOV.AU 1
2011-12 year in review During the year, QTC raised $14.3 billion of term debt and maintained between $4 billion and $5 billion in short-term paper outstandings. Links Queensland State Budget: www.budget.qld.gov.au/ Queensland Treasury Corporation: www.qtc.qld.gov.au Regards, Richard Jackson General Manager, Funding & Markets
