10 October 2012
Pricing of new April 2029 Treasury Bond
The AOFM announces that the issue by syndication of a new 3.25% 21 April 2029 Treasury Bond has been priced at a yield to maturity of 3.595%. This equates to a gross price of $95.697 per $100 face value of the bond, consisting of a capital price of $95.733 and accrued interest component of negative $0.036.
The issue size is $3.250 billion in face value terms. This excludes $10 million that will be taken up by the Reserve Bank of Australia.
Settlement of the issue will occur on 17 October 2012.
There will be no further issuance of this Treasury Bond prior to February 2013.
Citi, RBC Capital Markets and UBS AG, Australia Branch were Joint-Lead Managers for the issue. Barclays Bank Plc, Deutsche Bank AG and Westpac Institutional Bank were Co-Managers.