Launch of New April 2027 Treasury Bond

19 October 2011

The AOFM announces the issue by syndication of a new 4.75% 21 April 2027 Treasury Bond.  The initial issue is expected to be of a benchmark size.

The issue is expected to be priced on Thursday, 20 October 2011.

Initial price guidance for the issue is a spread of 32.5 to 35.5 basis points to the implied yield for the primary ten-year Treasury Bond futures contract, which at present implies a yield spread of around 21 to 24 basis points to the 21 April 2023 Treasury Bond.

Citi, Deutsche Bank AG and UBS Investment Bank will act as Joint-Lead Managers for the issue.  ANZ Banking Group Ltd, Commonwealth Bank of Australia and Westpac Banking Corporation will act as Co-Managers.

Following this syndicated issue there will no further issuance of this Treasury Bond until at least February 2012.

Last updated: 21 March 2014