Commonwealth Government bonds (also known as Commonwealth Government Loans or CGL) are debt securities issued by the Commonwealth of Australia. These bonds are issued by the Commonwealth Government to meet its financing requirements. Commonwealth Government bonds carry the highest credit rating (AAA/Aaa) and are considered a risk free investment as the Commonwealth has unlimited ability to tax and/or produce currency to repay a bond. A new information memorandum on these bonds has been issued by the AOFM dated 29 September 2009 (see AOFM). Learn more about Government bonds« Back to Glossary Index
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