To meet the State's funding and debt management requirements, Western Australian Treasury Corporation's (WATC) 2024–25 borrowing program at 28 February 2025 is:
| Term Funding Requirement | $b | $b |
| New Money Program (Estimated) | 0.7 | |
| Projected Maturities | ||
| Bond | 0.0 | |
| FRN | 0.0 | |
| 0.0 | ||
| Total Maturities + New Money | 0.7 | |
| Other – CP to Term | 0.7 | |
| Estimated Term Funding Requirement | 1.4* |
*May not add due to rounding
WATC 2024–25 Funding Strategy
For the remainder of the 2024–25 financial year WATC’s funding strategy will focus on:
- the establishment of a new labelled benchmark bond,
- where possible building outstandings in existing bond and Floating Rate Note (FRN) lines, and
- accessing markets through reverse enquiry, tenders, taps and syndication.
Note the actual amounts and the composition of term funding is subject to the borrowing requirements of WATC's clients and market conditions.
WATC may also undertake the pre-funding of FY 2025–26 requirements subject to market conditions.
WATC expects to maintain approximately $2.5 billion – $4.5 billion of commercial paper outstanding through its domestic Short Term Inscribed Stock (STIS) and offshore Euro Commercial Paper (ECP) programs over the 2024–25 financial year.
Banner image below - The Bell Tower, Perth. Image courtesy of Tourism Western Australia.