The Australian government plans to issue about A$240 billion ($172.20 billion) in bonds in the fiscal year to end June 2021, almost twice as much in the previous year, its debt manager said on Thursday.
In a speech, Rob Nicholl, chief executive of the Australian Office of Financial Management, said net new issuance would be A$190 billion, with A$50 billion to fund maturing debt.
That would be up from A$128 billion sold last year, almost A$90 billion of which came in the June quarter as the government stepped up borrowing sharply to fund coronavirus-related stimulus packages.
(Reporting by Wayne Cole; Editing by Clarence Fernandez)
