Tender 1018

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 1 November 2017. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 900
First Coupon Payment Due* 21 November 2017
First Coupon Payment Amount (per $100 face value) $1.125

*Coupons will be paid at half-yearly intervals thereafter.

Lodgment of Bids

Bids may be lodged by Registered Bidders through the AOFM Tender System, which is accessed via the Yieldbroker DEBTS System, between 10.45 am and 11.00 am Australian Eastern Daylight Time on Wednesday, 1 November 2017.

All bids 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 bids.

Settlement Arrangements

Successful bids for Treasury Bonds offered in the tender must be settled in the Austraclear System on Friday, 3 November 2017.

Last updated: 1 November 2017

Results

1 November 2017

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 900
Amount Allotted to Public ($million) 900
Weighted Average Issue Yield (%) 2.7273
Coverage Ratio 5.2967
Lowest Yield Accepted (%) 2.7250
Highest Yield Accepted (%) 2.7300
Volume of Bids Received ($million) 4,767
Number of Bids 44
Number of Successful Bids 18
Number of Bids Allocated in Full 11
Best Bid (%) 2.7250
Worst Bid (%) 2.7450
Weighted Average Bid (%) 2.7329
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 0.9

*Individual allotments may vary due to rounding.

Last updated: 1 November 2017