The borrowing program of the AOFM scales up this week to cater to the colossal, urgent spending needs of the Australian government.The AOFM said on Friday it "will not be offering guidance in the form of a planned gross issuance program ahead of the next official Budget update".Rather, "issuance guidance will take the form of an expected weekly rate for Treasury Bonds tenders.  Weekly issuance decisions will continue to take market conditions into account."Treasury Bond issuance via tender will be around A$5 billion in most weeks and this will typically be spread across three tenders. New maturities between 3-5 years and 10-12 years are likely to be established by syndication before 30 June 2020.  Syndicated taps into existing lines will also be considered.  The AOFM's also intends to establish a new 30-year benchmark bond in the 2020-21 fiscal year.Treasury Note issuance "will continue at an elevated rate" and the maturity profile of Treasury Notes will be extended to 12 months, the AOFM said.