Queensland Treasury 18-K Annual report (foreign governments)

EXHIBIT (c)(v)

Announcement entitled

“Queensland Treasury Corporation reduces its 2013-2014 borrowing program by $1 billion”

Queensland Treasury Corporation reduces its 2013-14 borrowing program by $1 billion

Following yesterday’s release of the Queensland Government’s Mid-Year Fiscal and Economic Review, Queensland Treasury Corporation (QTC) is reducing its previously published $12.1 billion 2013-14 borrowing program to $11.1 billion.

The $1 billion reduction is a result of better operating performance in the General Government sector, lower borrowing requirements across government and use of surplus liquidity.

The revised $11.1 billion total consists of $6.1 billion of term debt of which QTC has raised $3 billion to date. While QTC’s AUD benchmark bonds remain the principal source of funding, QTC will also consider issuing other instruments, including floating rate notes, to complete its 2013-14 borrowing program before 30 June 2014. QTC will continue to maintain approximately $5 billion of short-term debt outstandings.

QTC’S TERM DEBT BORROWING PROGRAM

	2013-14			2013-14
	BUDGET			MID-YEAR
	AUD M*			AUD M*
New money
State (includes General Government and Government owned corporations)		8,500			8,100
Local Government and other entities#		1,000			900
Total new money		9,500			9,000
Net term debt refinancing		4,400			4,400
Pre-funding		(6,800	)		(7,300	)
Total term debt requirement		7,100			6,100

* Numbers are rounded to the nearest $100 million.

^#  Other entities include: retail water entities, universities, grammar schools and water boards.

Note: Funding activity may vary depending upon actual client requirements, the State’s fiscal position and financial market conditions.

2014-15 Borrowing Program

QTC will announce its 2014-15 Borrowing Program following Queensland Government’s State Budget release.

Links

Queensland Mid-Year Fiscal and Economic Review Queensland Treasury Corporation

ENDS

Enquiries: Kate Scott, Senior Advisor (Market Communication) Ph: +61 7 3842 4701 / +61 438 389 092

Richard Jackson, Executive General Manager, Funding & Markets Ph: +61 7 3842 4789

Note: This media release is hereby incorporated by reference into the disclosure documents for QTC’s funding facilities, including the domestic A$ Bond Information Memorandum dated 18 January 2013.