Exchange-traded Treasury Indexed Bonds (eTIBs) explained

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

What is a Treasury Indexed Bond?

A Treasury Indexed Bond is a type of Australian Government Bond. It is an investment where money is lent to the Australian Government in exchange for quarterly interest payments (known as coupon interest) and a payment when the investment matures Interest payments are based on the adjusted capital value.

What are exchange-traded Treasury Indexed Bonds (eTIBs)?

Exchange-traded Treasury Indexed Bonds (eTIBs) allow individuals and organisations to invest in Australian Government Treasury Indexed Bonds through the Australian Securities Exchange (ASX).

When you purchase eTIB units, you gain the economic benefits of owning an Australian Government Treasury Indexed Bond – such as earning interest and receiving the eTIB’s adjusted capital value at maturity.

Note: Each eTIB unit has a face value (unadjusted capital value) of $100,

Key features of eTIBs

Inflation protection – Both interest payments and the capital value payable at maturity are adjusted with changes in the Consumer Price Index (CPI).
Security – The Australian Government makes regular interest payments and pays the eTIB’s adjusted capital value at maturity.
Regular interest – Interest is earned on the bond’s adjusted capital value at a fixed rate, with payments made quarterly for the life of the investment. Refer to the Available eAGBs for payment dates.
Tradeable investment – You can buy or sell eTIBs on the ASX whenever the market is open.
Variety of maturity dates – Refer to the Available eAGBs to see available eTIBs and their maturity dates.
Reliable information – The ASX works with the Australian Office of Financial Management (AOFM) to provide accurate information to eTB investors.

For a full list of benefits – and the potential risks – see the Investor Information Statement for eTIBs.

How to invest in eTIBs

Investing in eTIBs is similar to buying shares on the ASX. You can purchase or sell eTIBs through a licensed broker. If you’re not speaking directly to a licensed broker or financial adviser, ensure you are familiar with the Investor Information Statement for eTIBs.

You should always seek independent financial advice before making investment decisions.

See How to invest for more information.

Further information

Investor Information Statement for eTIBs

The Investor Information Statement prepared by the Australian Office of Financial Management (AOFM) provides details about eTIBs, including their structure, benefits, risks, terms and conditions for investors.

This Investor Information Statement is not financial advice.

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.

Available eAGBs

A list of eTIBs available on the Australian Securities Exchange (ASX), including maturity dates, coupon interest rates, ASX codes and coupon interest payment dates.

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.

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 or the Australian Cyber Security Centre.

Definitions

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

Disclaimer

The material presented in this website (the Content), including the information on the following pages in relation to Australian Government Securities is distributed by the Australian Office of Financial Management (AOFM) as an information source only. The Content should not be construed as an offer, recommendation, invitation, or inducement, to subscribe for or purchase any security. The Content does not constitute and is not intended to be financial or other advice and is not to be relied upon as the basis for any investment or other decision. Investors should seek their own professional advice tailored to their own particular financial circumstances in relation to any investment they may consider making. Please see full details of the AOFM’s disclaimer.

The Content must not be accessed by you in circumstances where access to it could constitute an offer or inducement that would result in a contravention of any laws, rules, directives, regulations or any other restrictions in your local jurisdiction.

United Kingdom: The Content is intended only for: (i) persons who are outside the United Kingdom; (ii) ‘investment professionals’ as defined in Article 19(5) of the Financial Services and Markets 2000 (Financial Promotion) Order 2005 (the FPO); or (iii) persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations etc) of the FPO. All such persons together being referred to as ‘Relevant Persons’. Furthermore, the Content is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

United States: The Content may not be accessed by persons who are residents of, or located in the United States. The securities, borrowing programs and facilities described in the Content have not been and will not be registered under the United States Securities Act of 1933, as amended (Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold or resold within the United States or to, for the account or benefit of, ‘US Persons’ (as defined in Regulation S under the Securities Act) unless in accordance with an effective registration statement or an exemption from registration under the Securities Act.

European Economic Area: The Content is not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the EEA). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended (the MiFID II); (ii) a customer within the meaning of Directive 2002/92/EC, as amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC, as amended.

Japan: The Content is intended only for (i) persons resident or located outside Japan and (ii) persons resident or located in Japan that are ‘qualified institutional investors’ (tekikaku-kikan-toshika) (QII) as defined in Article 2 Paragraph 3 Item 1 of the Financial Instruments and Exchange Act of Japan (Act No.25 of 1948, as amended) (the FIEA) and may not be accessed by or provided to persons resident or located in Japan who are not QIIs. The Content has not been and will not be registered under the FIEA, and the Content is not intended to be offered or sold directly or indirectly in Japan or to, or for the benefit of, any resident of Japan (as defined under Item 5, Paragraph 1, Article 6 of the Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949, as amended)) or to others for re-offering or resale, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the FIEA and any other applicable laws, directives and ministerial guidelines in Japan.

Website User Agreement: By clicking on the ‘Agree’ button below, you acknowledge:

you have read the above legal notice and understand and agree with its content, and agree that you will not undertake any act or omission that would constitute a breach of the terms of the legal notice;
you are not a resident of the United States or located in the United States, nor are you a “U.S. person" (as that term is defined in Regulation S under the United States Securities Act of 1933, as amended) and are not accessing this website from within the United States;
if you are located in the United Kingdom, that you are a ‘Relevant Person’, as defined above;
if you are located in a European Economic Area member state other than the United Kingdom, that you are a not a ‘retail investor’ in the European Economic Area, as defined above;
you are either a (i) a ‘QII’; or (ii) not a resident of Japan or located in Japan; and
you are entitled to access the Content without breaching any applicable laws, rules, directives, regulations or any other restrictions in your local jurisdiction or any other applicable jurisdiction.

To confirm and continue, click on ‘Agree’. If you click ‘Disagree’, you will not be able to enter this website.

Last updated: May 2025

By accessing this site you are agreeing to our terms of use.