Launch of New May 2028 Treasury Bond
10 May 2016
The AOFM announces the issue by syndication of a new 2.25% 21 May 2028 Treasury Bond. The initial issue will be of a benchmark size.
Initial price guidance for the issue is a spread of 17.5 to 22.5 basis points over the implied bid yield for the primary ten-year Treasury Bond futures contract.
The issue is expected to be priced on Wednesday, 11 May 2016.
Citi, 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 July 2016. The AOFM will be mindful of the performance of the bond when considering the timing of further issuance.
Last updated: 10 May 2016