Allens advises the Commonwealth on first Treasury Indexed Bond since 2003
1 October 2009
Allens Arthur Robinson (Allens) has acted for the Australian Office of Financial Management (AOFM) in the launch of its first Treasury Indexed Bond deal since 2003.
The transaction – announced on 29 September – comprises a new 3.0 per cent 20 September 2025 syndicated Treasury Indexed Bond.
The issue size is A$4.0 billion in face value terms, which excludes A$10 million that will be taken up by the Reserve Bank of Australia.
Deutsche Bank AG, Sydney Branch, RBS Group (Australia) Pty Limited and UBS AG, Australia Branch were joint-lead managers for the issue, with Citigroup Global Markets Australia Pty Limited, J.P. Morgan Australia Limited and Westpac Banking Corporation Limited acting as the co-managers.
Allens Partner David Clifford and Senior Associates Michelle Evans and Thomas McAuliffe advised AOFM on the issue, as well as assisted on all the required documentation.
According Mr Clifford: 'This was a very significant transaction for us as it marks the return to the debts market by the Commonwealth which is an important development for the market. We were happy to assist the Commonwealth and the managers with very streamlined documents.
'It was a pleasure to be able to offer our knowledge and experience in syndicated markets to the Commonwealth for this important Treasury Indexed Bond issue.
Ends
| Allens legal team | David Clifford (Partner – Sydney), Michelle Evans (Senior Associate – Sydney), Thomas McAuliffe (Senior Associate – Sydney) |
For further information, please contact:
- Jane FoleyCorporate Communications Coordinator,
Melbourne
Ph: +61 3 9613 8503
Jane.Foley@aar.com.au
Notes for editors.
Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.
