How to Buy AGS

There are two ways to buy AGS: the primary market and the secondary market.

Primary Market

To become a registered bidder in the AOFM Tender System, an entity must:

  1. Enter into a Registered Bidder Agreement with the AOFM. This binds the Registered Bidder and AOFM to the AOFM Tender System Conditions of Operation. Please send the signed document to:

Australian Office of Financial Management
Attention: Assurance Manager
Address: Treasury Building, Langton Crescent, PARKES ACT 2600

2. To bid at tenders, you will need access to the Yieldbroker DEBTS System. To register with Yieldbroker please contact:

Yieldbroker Help Desk
Telephone: 1800 220 550 (Toll free within Australia) or +61 2 9994 2890 (outside Australia)
Email: helpdesk@yieldbroker.com

3. Please note that all bids must comply with the applicable Information Memorandum (Treasury Bonds, Treasury Indexed Bonds and Treasury Notes).

4. Tender announcements provide full details of the tender, including details of the stock that is being offered. Notification of tender announcements and results can be obtained by subscribing to the AOFM email service.

5. Settlement is processed through the Austraclear System (other international settlement systems cannot be used). For direct settlement, you or a third party (such as a global custodian or financial institution) will need to be registered with Austraclear. To find out more about Austraclear and becoming a member, please refer to the Austraclear information located on the Australian Securities Exchange website. If you have any question please call the enquiries line on +61 2 9338 0000 (this is an ASX customer service number that also addresses Austraclear enquiries).

Secondary Market

Purchasing Treasury Bonds and Treasury Indexed Bonds in the secondary market is often the easier and most efficient way to acquire the securities. This is because there are a large number of international or Australian banks that are committed to making tight markets in all Australian Government Securities.  It is likely that you will know or have contact with some of them.

Below is a list (in alphabetical order) of intermediaries who make markets in Treasury Bonds and Treasury Indexed Bonds:

Market Maker Security  Sales Contact
Australia and New Zealand Banking Group Limited

Treasury Bonds

Treasury Indexed Bonds

+61 2 8037 0220 (Sydney)

+65 6681 8968 (Singapore)

+44 20 3229 2070 (London)

Bank of America Merrill Lynch

Treasury Bonds

Treasury Indexed Bonds

+61 2 9226 5294 (Sydney)

+44 20 7995 5605 (London)

BNP Paribas Treasury Bonds

+61 2 9025 5005 (Sydney)

+65 6210 3331 (Singapore)

Citi

Treasury Bonds

Treasury Indexed Bonds

+61 2 8225 6450 (Sydney)

+65 6657 2800 (Singapore)

+44 20 7986 9521 (London)

Commonwealth Bank of Australia

Treasury Bonds

Treasury Indexed Bonds

+61 2 9117 0020 (Sydney)

+44 20 7329 6444 (London)

Daiwa Capital Markets Europe Limited Treasury Bonds

+65 6499 6513 (Singapore)

+44 20 7597 7720 (London)

Deutsche Bank AG

Treasury Bonds

Treasury Indexed Bonds

+61 2 8258 1444 (Sydney)

+44 20 7547 1931 (London)

+81 3 5156 6195 (Tokyo)

Goldman Sachs Treasury Bonds

+61 2 9320 1243 (Sydney)

+44 20 7552 0732 (London)

HSBC Bank Plc Treasury Bonds

+61 2 9255 2018 (Sydney)

+852 2822 1933 (Hong Kong)

JPMorgan Chase Bank, N.A.

Treasury Bonds

Treasury Indexed Bonds

+61 2 9003 7905 (Sydney)

 

Macquarie Bank Limited Treasury Bonds +61 2 8232 8300 (Sydney)
Mizuho Securities Asia Limited Treasury Bonds

+852 2685 2044 (Hong Kong)

+44 20 7090 6167 (London)

National Australia Bank Limited

Treasury Bonds

Treasury Indexed Bonds

+61 2 9295 1166 (Sydney)

+44 20 7726 2747 (London)

Nomura

Treasury Bonds

Treasury Indexed Bonds

+61 2 8062 8607 (Sydney)

+44 20 7103 0020 (London)

Royal Bank of Canada Treasury Bonds

+61 2 9033 3222 (Sydney)

+852 2848 1324 (Hong Kong)

TD Securities Treasury Bonds

+65 6500 8042 (Singapore)

+44 20 7628 4334 (London)

UBS AG

Treasury Bonds

Treasury Indexed Bonds

+61 2 9324 2222 (Sydney)

+44 20 7567 3645 (London)

Westpac Banking Corp

Treasury Bonds

Treasury Indexed Bonds

+61 2 8204 2711 (Sydney)

+65 6309 3877 (Singapore)

+44 20 7621 7620 (London)

+1 212 551 1806 (New York)

These institutions should make tight two-way prices on a 24 hour basis in large volume, and provide pricing rate sheets. Yields/prices for Australian Government Bonds can be sourced from a number of independent media sources such as Bloomberg (ACGB Govt) or Thomson Reuters (Treasury Bonds: 0#AUTSY= and Treasury Indexed Bonds: AU/ILB1).

Exchange-traded Australian Government Bonds

Exchange-traded Treasury Bonds (eTBs) and Exchange-traded Treasury Indexed Bonds (eTIBs) offer a convenient and readily accessible way to invest in Australian Government Securities.  eTBs and eTIBs are quoted and traded on the Australian Securities Exchange (ASX). These products have the appeal and convenience of being electronically bought and sold through the ASX in small or large parcels.

More information can be found on the Australian Government Bonds website and in the Exchange-traded Australian Government Bonds section of the ASX website.

Last updated: 27 October 2017