$500m | 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, 9 September 2019. The total tender size will be $500 million, with the volume to be repurchased of each Treasury Bond line subject to a maximum*. Details of the tender are set out below.
| Total Tender Size ($million) | 500 | |
|---|---|---|
| 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) | 500 | 500 |
| 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, 9 September 2019. All bids must comply with the Information Memorandum for Treasury Bonds (PDF) dated 26 July 2019.
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, 11 September 2019.
