Tender 1030

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Monday, 4 December 2017. Details of the tender are set out below.

Series Offered 3.25% 21 April 2029
Series Number TB138
ISIN AU3TB0000150
Offered to Public ($million) 400
First Coupon Payment Due* 21 April 2018
First Coupon Payment Amount (per $100 face value) $1.625

*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 Monday, 4 December 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 Wednesday, 6 December 2017.

Last updated: 4 December 2017

Results

4 December 2017

Series Offered 3.25% 21 April 2029
Series ID TB138
ISIN AU3TB0000150
Offered to Public ($million) 400
Amount Allotted to Public ($million) 400
Weighted Average Issue Yield (%) 2.6438
Coverage Ratio 3.8000
Lowest Yield Accepted (%) 2.6425
Highest Yield Accepted (%) 2.6450
Volume of Bids Received ($million) 1,520
Number of Bids 36
Number of Successful Bids 13
Number of Bids Allocated in Full 6
Best Bid (%) 2.6425
Worst Bid (%) 2.6625
Weighted Average Bid (%) 2.6477
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 36

*Individual allotments may vary due to rounding.

Last updated: 4 December 2017