State government bonds (Semis)

State government bonds are debt securities issued by or on behalf of the state and territory governments of Australia State governments issue bonds to meet their financing requirements. Each of the state issuers typically has five to ten bonds outstanding at any one time. State government bonds typically carry a high credit rating (between AA / Aa and AAA / Aaa) reflecting the credit worthiness of the underlying state governments. They are also known as semi-government bonds