21 May 2013
Launch of new April 2025 Treasury Bond
The AOFM announces the issue by syndication of a new 3.25% 21 April 2025 Treasury Bond. The initial issue is expected to be of a benchmark size.
The issue is expected to be priced on Wednesday, 22 May 2013.
Initial price guidance for the issue is a spread of 18 to 20 basis points to the implied yield for the primary ten-year Treasury Bond futures contract, which at present implies a yield spread of around 9 to 11 basis points to the 21 April 2024 Treasury Bond.
Citi, Deutsche Bank AG, UBS AG, Australia Branch and Westpac Institutional Bank will act as Joint-Lead Managers for the issue.
Following this syndicated issue there will no further issuance of this Treasury Bond prior to August 2013.