Tender 19


The Australian Office of Financial Management (AOFM) will hold a tender for the repurchase of two outstanding Treasury Bond lines on Monday, 23 October 2017. The total tender size will be $700 million, with the volume to be repurchased of each Treasury Bond line subject to a maximum*. Details of the tender are set out below.

Total Tender Size ($million) 700
Series to be Repurchased 5.25% 15 March 2019 2.75% 21 October 2019
Series Number TB122 TB143
ISIN AU300TB01224 AU3TB0000184
Maximum Volume of Series to be repurchased – Subject to Total Tender Size ($million) 600 600
First Coupon Payment Due 15 March 2018 21 April 2018
First Coupon Payment Amount (per $100 face value) $2.625 $1.375

*If there are insufficient offers at yields the AOFM judges to be acceptable, a lower amount of Treasury Bonds may be repurchased.

Lodgment of Offers

Offers may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 9.45 am and 10.00 am Australian Eastern Daylight Time on Monday, 23 October 2017.

All offers must comply with the Information Memorandum for Treasury Bonds [PDF 792KB | RTF 1.215MB] dated 3 October 2017.

Announcement of Results

The results of the tender are expected to be announced as soon as practicable after the closing time for the lodgment of offers.

Settlement Arrangements

Successful offers for Treasury Bonds repurchased in the tender must be settled in the Austraclear System on Wednesday, 25 October 2017.

Last updated: 15 March 2018


Auction Summary
Tender Size ($m) 700
Offers Accepted ($m) 700
Offers Received ($m) 2,692
Coverage Ratio 3.8457
Treasury Bonds Purchased
Series Repurchased 5.25% 15 March 2019 2.75% 21 October 2019
Series ID TB122 TB143
ISIN AU300TB01224 AU3TB0000184
Offers Accepted ($m) 444 256
Weighted Average Accepted Yield (%) 1.8480 1.9575
Lowest Yield Accepted (%) 1.8450 1.9525
Highest Yield Accepted (%) 1.8500 1.9575
Total Amount of All Offers Received ($m) 1,385 1,307
Total Number of Offers 16 16
Total Number of Successful Offers 6 2
Number of Offers Accepted in Full 3 1
Best Offer (%) 1.8500 1.9575
Worst Offer (%) 1.8300 1.9350
Weighted Average Offer (%) 1.8426 1.9491
Amount Repurchased at Lowest Accepted Yield as Percentage of Amount Offered at that Yield* 43.3 50

Last updated: 15 March 2018