The AOFM announces that the issue by syndication of the new 1.75% 21 June 2051 Treasury Bond has been priced at a yield to maturity of 1.94 per cent. The issue size is $15 billion in face value terms.
There was a total of $36.8 billion of bids at the final clearing price.
Settlement of the issue will occur on 5 August 2020.
ANZ, Commonwealth Bank of Australia, Deutsche Bank, J.P. Morgan Securities Australia Limited and UBS AG, Australia Branch were Joint-Lead Managers for the issue.
There will be no further issuance of this Treasury Bond prior to November 2020. The AOFM will be mindful of the performance of the bond when considering the timing of future issuance.