EXHIBIT (c)(v)
Announcement entitled “No change to Queensland Treasury Corporation’s 2012-13 borrowing program”
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MEDIA RELEASE | | 
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16 JANUARY 2013 | |
No change to Queensland Treasury Corporation’s 2012-13 borrowing program
Following the December release of the Queensland Government’s Mid-Year Fiscal and Economic Review, there will be no change to Queensland Treasury Corporation’s (QTC) $18.7 billion borrowing program for 2012-13.
The $18.7 billion consists of $13.7 billion of term debt (to fund $12.5 billion of new borrowings for clients and to refinance $1.2 billion of maturing term debt), and approximately $5 billion to maintain short-term debt outstandings.
Of the total $13.7 billion term debt requirement, QTC has, to date, borrowed $7 billion primarily through the issuance of AUD benchmark bonds, leaving $6.7 billion to raise prior to 30 June 2013.
2012-13 funding
Three new AUD benchmark bond lines have been launched this fiscal year (maturing in 2017, 2019 and 2023 respectively), providing investors with a maturity option in each calendar year out to 2024.
Benchmark bonds will remain QTC’s principal source of funding, and through members of its Fixed Interest Distribution Group, QTC will continue regular issuance into existing benchmark bond lines on both a public and a reverse enquiry basis.
QTC will also monitor investor demand in domestic and global financial markets for opportunities to diversify term funding sources.
2013-14 Borrowing Program
QTC will announce its 2013-14 Borrowing Program following the release of Queensland Government’s State Budget, which is scheduled for 4 June 2013.
Level 6, 123 Albert Street Brisbane Queensland Australia 4000
GPO Box 1096 Brisbane Queensland Australia 4001
telephone 07 3842 4600 facsimile 07 3221 4122 www.qtc.qld.gov.au
QTC’S 2012-13 TERM DEBT BORROWING REQUIREMENTS1 (AS AT 14 JANUARY 2013)
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Requirements | | AUD m* | | | AUD m* | |
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New money | | | | | | | | |
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State | | | 10,900 | | | | | |
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Local Government and other entities# | | | 1,600 | | | | | |
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Total new money | | | | | | | 12,500 | |
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Net term debt refinancing | | | | | | | 1,200 | |
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Total term debt | | | | | | | 13,700 | |
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Raised to date (14 January 2013) | | | | | | | (7,000 | ) |
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Remaining term debt | | | | | | | 6,700 | |
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| 1 | Funding activity may vary depending upon actual client requirements, the State’s financial position, and financial market conditions. |
| * | Numbers are rounded to the nearest $100 million |
| # | Other entities include: retail water entities, universities, grammar schools and water boards |
Links
Queensland Mid-Year Fiscal and Economic Review:
http://www.treasury.qld.gov.au/office/knowledge/docs/mid-year-review/index.shtml
Queensland Treasury Corporation:
www.qtc.qld.gov.au
ENDS
For further enquiries:
Kate Scott, Senior Advisor (Market Communication), Funding & Markets
Ph: +61 7 3842 4701 / +61 438 389 092 / kscott@qtc.com.au
Richard Jackson, Executive General Manager, Funding & Markets Ph: +61 7 3842 4789
