Tender 25


The Australian Office of Financial Management (AOFM) will hold a tender for the repurchase of two outstanding Treasury Bond lines on Monday, 5 February 2018. The total tender size will be $400 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 ($million) 400
Series to be Repurchased 5.25% 15 March 2019 2.75% 21 October 2019
Series Number TB122 TB143
ISIN AU300TB01224 AU3TB0000184
Maximum Volume of Series to be repurchased – Subject to Total Tender Size ($million) 300 300
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 10.00 am and 10.10 am Australian Eastern Daylight Time on Monday, 5 February 2018.

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, 7 February 2018.

Last updated: 15 March 2018


Auction Summary
Tender Size ($m) 400
Offers Accepted ($m) 400
Offers Received ($m) 1,180
Coverage Ratio 2.9500
Treasury Bonds Purchased
Series Repurchased 5.25% 15 March 2019 2.75% 21 October 2019
Series ID TB122 TB143
ISIN AU300TB01224 AU3TB0000184
Offers Accepted ($m) 300 100
Weighted Average Accepted Yield (%) 1.7725 1.8968
Lowest Yield Accepted (%) 1.7725 1.8950
Highest Yield Accepted (%) 1.7725 1.9000
Total Amount of All Offers Received ($m) 591 589
Total Number of Offers 11 20
Total Number of Successful Offers 3 11
Number of Offers Accepted in Full 0 3
Best Offer (%) 1.7725 1.9000
Worst Offer (%) 1.7600 1.8850
Weighted Average Offer (%) 1.7691 1.8925
Amount Repurchased at Lowest Accepted Yield as Percentage of Amount Offered at that Yield* 83.1 27.4

Last updated: 15 March 2018