Tender 1039

Announcement

The Australian Office of Financial Management (AOFM) will hold a tender for the issue of Treasury Bonds on Wednesday, 14 February 2018. Details of the tender are set out below.

Series Offered 2.25% 21 May 2028
Series Number TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 600
First Coupon Payment Due* 21 May 2018
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, 14 February 2018.

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, 16 February 2018.

Last updated: 14 February 2018

Results

14 February 2018

Series Offered 2.25% 21 May 2028
Series ID TB149
ISIN AU000XCLWAR9
Offered to Public ($million) 600
Amount Allotted to Public ($million) 600
Weighted Average Issue Yield (%) 2.8612
Coverage Ratio 3.6617
Lowest Yield Accepted (%) 2.8575
Highest Yield Accepted (%) 2.8625
Volume of Bids Received ($million) 2,197
Number of Bids 42
Number of Successful Bids 14
Number of Bids Allocated in Full 8
Best Bid (%) 2.8575
Worst Bid (%) 2.8750
Weighted Average Bid (%) 2.8660
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* 63.8

*Individual allotments may vary due to rounding.

Last updated: 14 February 2018