9 October 2012
Launch of new April 2029 Treasury Bond
The AOFM announces the issue by syndication of a new 3.25% 21 April 2029 Treasury Bond. The initial issue is expected to be of a benchmark size.
The issue is expected to be priced on Wednesday, 10 October 2012.
Initial price guidance for the issue is a spread of 59.5 to 62.5 basis points to the implied yield for the primary ten-year Treasury Bond futures contract, which at present implies a yield spread of around 17 to 20 basis points to the 21 April 2027 Treasury Bond.
Citi, RBC Capital Markets and UBS AG, Australia Branch will act as Joint-Lead Managers for the issue. Barclays Bank Plc, Deutsche Bank AG and Westpac Institutional Bank will act as Co-Managers.
Following this syndicated issue there will no further issuance of this Treasury Bond prior to February 2013.