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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Australia plans record A$24 bln bond sales to fund stimulus

Posted on 04 February 2009

From Bloomberg: The Australian government plans to sell a record A$22 billion ($14 billion) to A$24 billion of bonds through June 30 to fund economic stimulus plans aimed at dragging the economy away from recession.

The sales start Feb. 6 with an offering of A$600 million of debt maturing April 2015 and the government expects to hold auctions on Wednesdays and Fridays during most of the coming weeks, the Australian Office of Financial Management said today on its Web Site. …. Full Article: Source


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