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Treasury Bond Buyback tender 60

$400m  |  November 2020s and May 2021s

The Australian Office of Financial Management (AOFM) will hold a tender for the repurchase of two outstanding Treasury Bond lines on Monday, 15 July 2019. The total tender size will be $400 million, with the volume to be repurchased of each Treasury Bond line subject to a maximum*. Details of the tender are set out below.

Total Tender Size ($million) 400
Series to be Repurchased 1.75% 21 November 2020 5.75% 15 May 2021
Series Number TB146 TB124
ISIN AU000XCLWAN8 AU0000XCLWM5
Maximum Volume of Series to be repurchased - Subject to Total Tender Size ($million) 350 350
First Coupon Payment Due 21 November 2019 15 November 2019
First Coupon Payment Amount (per $100 face value) $0.875 $2.875

*If there are insufficient offers at yields the AOFM judges to be acceptable, a lower amount of Treasury Bonds may be repurchased.

Lodgment of Offers

Offers may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via Yieldbroker DEBTS, between 10.00 am and 10.10 am Australian Eastern Standard Time on Monday, 15 July 2019. All bids must comply with the Information Memorandum for Treasury Bonds (PDF) dated 3 October 2017.

Announcement of Results

The results of the tender are expected to be announced as soon as practicable after the closing time for the lodgment of offers. Results will be made available in the Data hub.

Settlement Arrangements

Successful offers for Treasury Bonds repurchased in the tender must be settled in the Austraclear System on Wednesday, 17 July 2019.