Free Trial

- The AOFM is seeking to repurchase....>

AUSSIE BONDS
AUSSIE BONDS: - The AOFM is seeking to repurchase some outstanding Treasury Bond
and Treasury Indexed Bond lines. Holders of these lines are invited to submit
offers via the Joint-Lead Managers on an outright yield basis (whether or not
they choose to participate in the 2.75% 21 May 2041 Treasury Bond issue).
Initial price guidance is:
- 1.97 to 1.99 per cent for the 2.75% 21 October 2019 Treasury Bond
- 1.99 to 2.01 per cent for the 4.50% 15 April 2020 Treasury Bond.
- 0.16 to 0.18 per cent for the 1.00% 21 November 2018 Treasury Indexed Bond.
- The AOFM will assess the offers received and set a yield for each bond line at
which repurchases will be made. The yield is expected to be set on Tuesday, 17
July 2018. All offers at that yield will be accepted in full. If an investor
submits an order for the new 21 May 2041 Treasury Bond that is not fully
allocated, that investor will be able to adjust the volumes of any short-dated
bond offers accordingly.
- Repurchases will settle on Friday, 27 July 2018.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.