Benchmark bonds
Large and liquid domestic bonds that are actively traded in the financial markets.
Non-benchmark bonds
NSW Government bonds for international investors with a range of currencies and maturities.
Short Term Programme
Short dated investments including domestic promissory notes, cash, deposits and Euro commercial paper.
Sustainability bonds
Green, social and sustainability bonds provide a mechanism for investors to contribute capital to achieve environmental and social goals.
TCorp’s Funding Programme
TCorp issues bonds in order to provide financing to the NSW Government sector and all NSW government agencies. As the central borrowing authority for NSW, our balance sheet is around A$198 billion.
2025-26 NSW State Budget
| Funding task |
FY26 forecast
A$ billion
|
FY27 forecast
A$ billion
|
FY28 forecast
A$ billion
|
FY29 forecast
A$ billion
|
| New client borrowing |
17.2 |
13.2 |
7.9 |
8.6 |
| Expected term maturities |
11.0 |
12.4 |
17.2 |
16.2 |
| Less prefunding |
-4.0 |
|
|
|
| Funding
requirement |
24.2 |
25.6 |
25.1 |
24.8 |
Forecasts are expressed in capital value as at 24 June 2025. Numbers rounded to the nearest A$100 million.
Source: TCorp, NSW Treasury
