We have today confirmed the Term Lending Facility (TLF) will close following the completion of the final scheduled facility window on 28 July 2021.
The TLF supports the government’s Business Finance Guarantee Scheme (BFGS), which provides banks access to long-term funding at a low interest rate. The government has announced that the BFGS will close on 30 June 2021.
The TLF has been available to eligible counterparties since May 2020. To date, $1.46 billion has been borrowed through the TLF. The amount available to each counterparty is based on their actual BFGS loans outstanding, as reported to Treasury on the last day of the month prior to the opening of each facility window.
Our Funding for Lending Programme (FLP) remains open to eligible participants and provides an alternative source of low cost funding to participants.
Term Lending Facility schedule (dates are inclusive)
Offering 10.00am - 12.00pm and 1.00pm - 3.00pm
26 May 2021 - 28 May 2021
25 June 2021 - 29 June 2021
26 July 2021 - 28 July 2021
For further information contact:
Dean Hill
Senior Manager, Financial Markets
[email protected]
Media contact:
James Weir
Senior Adviser External Stakeholders
DDI: +64 4 471 3962 | MOB: 021 103 1622
[email protected]