How to invest in exchange-traded Australian Government Bonds (eAGBs)

Disclaimer: The information on this website does not constitute financial advice. You should obtain independent financial advice before buying exchange-traded Australian Government Bonds.

Overview

Exchange-traded Australian Government Bonds (eAGBs) offer a way to invest in Australian Government Bonds through the Australian Securities Exchange (ASX).

There are two types of eAGBs available:

Investing in eAGBs is similar to buying shares on the ASX. You can only purchase or sell eAGBs through a licensed broker.

What is the minimum amount I can invest?

The minimum investment is one eTB unit or one eTIB unit. Each unit has a face value of $100, but it may be traded for more or less than this amount.

Steps to invest in eAGBs

Consult a financial adviser: Obtain independent financial advice to determine if eAGBs align with your investment goals.
Engage a licensed broker: You can only purchase or sell eAGBs through a licensed broker. See the ASX’s list of Full Service and Online Brokers to find a broker that suits your needs.
Set up a CHESS account: The Clearing House Electronic Subregister System (CHESS) is the system used by the ASX to trade and manage ownership of shares and other securities. If you don't have a CHESS account, your licensed broker can set up a broker-sponsored CHESS account for you.
Review investor information statements: Read the relevant Investor Information Statement, Information Memorandum and Term Sheet for the specific eAGB series you're considering. These must be provided to you by your broker but can also be downloaded below:
Place your order: Instruct your broker to buy or sell eAGBs on your behalf.

Important: Financial advisers recommending eAGBs to retail clients must provide the relevant Investor Information Statement, Information Memorandum and Term Sheets.

Pricing information

Market prices for eAGBs are published by the ASX.

For pricing information, refer to the ASX website or consult your licensed broker.

Australian Government bonds course

To learn more about prices and yields, see ASX’s Online Education Course on exchange-traded Australian Government Bonds.

Further information

Full Service and Online Brokers

The ASX provides a list of full-service and online brokers, detailing the services they offer to help investors choose a broker that aligns with their investment needs.

List of eAGBs

A list of eTBs and eTIBs is available, which includes maturity dates, coupon interest rates, ASX codes and coupon interest payment dates.

Tax considerations

Understand the tax implications of investing in eAGBs, including information on interest withholding tax and providing your Tax File Number (TFN) or Australian Business Number (ABN). For detailed tax information relevant to your needs please consult with a Tax adviser.

Government Bonds (ASX website)

The ASX's exchange-traded Australian Government Bonds page provides information on how investors can buy and sell government bonds on the Australian Securities Exchange.

Scam Alert

See the latest advice on fraudulent schemes impersonating Australian Government Bond offers and how to report them to the Australian Securities and Investments Commission (ASIC) or the Australian Cyber Security Centre.

Definitions

A list of relevant definitions is provided in the Investor Information Statement for exchange-traded Treasury Bonds.

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Last updated: May 2025

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