Launch of New June 2035 Treasury Bond
23 March 2015
The AOFM announces the issue by syndication of a new 2.75% 21 June 2035 Treasury Bond. The initial issue size is expected to be between $3 billion and $5 billion in face value terms.
Initial price guidance for the issue is a spread of 46 to 51 basis points to the implied bid yield for the primary ten-year Treasury Bond futures contract.
The issue is expected to be priced on Tuesday, 24 March 2015.
ANZ, Commonwealth Bank of Australia, Deutsche Bank AG and UBS AG Australia Branch will act as Joint-Lead Managers for the issue.
There will be no further issuance of this Treasury Bond prior to June 2015. The AOFM will be mindful of the performance of the bond when considering the timing of further issuance.
Last updated: 23 March 2015